Breaking: Microsoft (MSFT) announces deal to buy Activision Blizzard (ATVI)

Ivan Brian FXStreet

Update: Official press release: "Microsoft will acquire Activision Blizzard for $95.00 per share, in an all-cash transaction valued at $68.7 billion, inclusive of Activision Blizzard's net cash". Activision (ATVI) stock closed at $65.39 on Friday.

The Wall Street Journal is reporting that Microsoft (MSFT) is close to a deal to buy Activision Blizzard (ATVI).

Gaming stocks have spiked on the news, while Microsoft's shares have fallen slightly. Activision shares are now halted for news.

Microsoft Stock News

Microsoft (MSFT) shares are trading at $303, down 2%.

Activision Blizzard Stock Forecast

Activision is trading at $90, up 37%, but the stock is halted under thge news pending code.

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Author

Ivan Brian

FXStreet

Ivan Brian started his career with AIB Bank in corporate finance and then worked for seven years at Baxter. He started as a macro analyst before becoming Head of Research and then CFO.

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