Microsoft purchased LinkedIn in 2016 for $26.2 billion, according to CNBC. TP: We certainly feel that weve found a good balance, that were being generous while also making money to support the company. I read that 70 of people who make it to the last level havent paid anything to get there. Microsoft shares fell nearly 2 percent following the announcement.ĬNBC reported the purchase would be Microsoft’s largest acquisition to date. Candy Crush is designed so you can start playing it and play all the way to the last level without ever having to pay. Shares of Activision rose about 31 percent on the stock market Tuesday morning following the news of the deal. Kotick has faced calls to resign over the reports of misconduct and harassment. 17, said it fired dozens of executives after an investigation, according to a report on the CNBC website. The news of the sale comes after reports of sexual misconduct and harassment among the company’s executives.Īctivision, on Jan. The deal will give Microsoft ownership of games like “Call of Duty” and “Candy Crush.” It will also provide a path for Microsoft to increase its presence in the mobile gaming arena and the metaverse or virtual environments.Īctivision CEO Bobby Kotick is expected to retain his role, according to the Los Angeles Times. LOS ANGELES-Microsoft is reportedly buying gaming company Activision Blizzard-which has been in turmoil over allegations of misconduct and unequal pay-for $68.7 billion, according to the Los Angeles Times.
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