Microsoft buys Activision Blizzard for $ 68.7 billion

Microsoft buys gaming company Activision Blizzard for $ 68.7 billion and gains access to great games like “Call of Duty” and “Candy Crush.”

The cash deal will allow Microsoft, the maker of the Xbox game system, to accelerate mobile gaming and give building blocks to the meta-verse or a virtual environment.

The announcement Tuesday arrives with Activision still rebellious over allegations of misconduct and unequal pay.

Microsoft CEO Satya Nadella said in a conference call with investors “culture in our organization is my top priority” and that “it’s crucial for Activision Blizzard to push forward on its” commitments to improve its workplace culture.

Activision revealed last year it was investigated by the Securities and Exchange Commission on complaints of discrimination in the workplace.

Activision CEO Bobby Kotick will retain his role, and he and his team will maintain their focus on driving efforts to further strengthen Santa Monica, California, corporate culture and accelerate business growth.

The deal on Tuesday follows Microsoft’s $ 7.5 billion acquisition last year of ZeniMax Media, the parent company of video game publisher Bethesda Softworks, which is behind the popular video games The Elder Scrolls, Doom and Fallout.

In both cases, Microsoft said the agreements will help strengthen their Xbox Game Pass game subscription service.

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