Microsoft Buys Game Maker Activision Blizzard For About $70B

The all-cash $68.7 billion purchase of the maker of Candy Crush and Call of Duty will turn Microsoft, maker of the Xbox gaming system, into one of the world’s largest video game companies. It will also help it compete with tech rivals such as Meta, formerly Facebook, in creating immersive virtual worlds for both work and play.

Netflix Sued For Poaching CFO

Netflix has been sued again for poaching executives, this time by Activision Blizzard, over its hire of CFO Spencer Neumann. In the lawsuit filed on Friday, Activision accuses Netflix of hiring Neumann as its CFO when he was less than two years into his contract. Neumann was hired as CFO by Netflix in January 2019.

Google-Activision Deal Reshapes Live Streaming

Google’s YouTube Gaming unit escalated the talent war being waged among live-streaming powerhouses, announcing a deal with publishing giant Activision-Blizzard to exclusively stream events from three of the world’s most popular esports titles.

Activision Acquires Major League Gaming

Call of Duty publisher Activision Blizzard Inc. announced plans Monday to buy Major League Gaming in a move to push deeper into e-sports. The deal to purchase the 12-year-old competitive gaming organizer is reportedly worth $46 million.