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Why Activision Blizzard Stock Jumped Today

Why Activision Blizzard Stock Jumped Today

Microsoft (NASDAQ: MSFT) is buying top video game maker Activision Blizzard (NASDAQ: ATVI) in an all-cash deal worth $68.7 billion. This will bring some of the industry's biggest gaming properties together under one corporate roof, marrying Activision Blizzard's popular Call of Duty franchise to Microsoft's top titles like Gears of War and Halo. The news sent Activision Blizzard's share price up as high as $86.90 Tuesday morning.