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Business deals

Microsoft to gobble up Activision in $69bn metaverse bet

Biggest gaming industry deal will make Xbox maker world No. 3

Microsoft is offering $95 per share for Activision, 45% premium to its Jan. 14 close.   © Reuters

Microsoft Corp is buying "Call of Duty" maker Activision Blizzard for $68.7 billion in the biggest gaming industry deal in history as global technology giants stake their claims to a virtual future.

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