By Will Feuer

 

Shares of Activision Blizzard Inc. jumped more than 37% in Tuesday premarket trading before being halted after The Wall Street Journal reported that Microsoft Corp. is nearing a deal to buy the video game maker for more than $50 billion.

Activision stock rose in premarket trading to $90 a share, up 37.6% from Friday's closing price of $65.39 a share. Microsoft stock last traded 2.5% lower in premarket trading.

Activision has been embattled for months over allegations of workplace misconduct. The stock fell more than 28% last year.

 

Write to Will Feuer at Will.Feuer@wsj.com

 

(END) Dow Jones Newswires

January 18, 2022 08:44 ET (13:44 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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