MICROSOFT BUYS ACTIVISION BLIZZARD

Microsoft is buying game publisher Activision Blizzard in a transaction valued at nearly $70 billion, the tech company announced Tuesday.

The acquisition comes months after workers at the gaming company came forward with allegations of workplace sexual harassment and discrimination in a lawsuit filed by California’s Department of Fair Employment and Housing.

Microsoft said the acquisition will accelerate the company’s growth across the gaming business and, when complete, will make Microsoft the third-largest gaming company by revenue behind Tencent and Sony.

Microsoft is buying game publisher Activision Blizzard in a transaction valued at nearly $70 billion, the tech company announced Tuesday.

The acquisition comes months after workers at the gaming company came forward with allegations of workplace sexual harassment and discrimination in a lawsuit filed by California’s Department of Fair Employment and Housing.

Microsoft said the acquisition will accelerate the company’s growth across the gaming business and, when complete, will make Microsoft the third-largest gaming company by revenue behind Tencent and Sony.