The gaming industry is in a resurgent phase right now with the talk of the metaverse. Besides that, during the COVID-19 pandemic, masses of gamers turned to their video gaming consoles for entertainment. This resurgent phase for the gaming industry was further buoyed by the news of two big acquisitions this month. This was Microsoft’s (NASDAQ: MSFT) acquisition of Activision Blizzard (ATVI) and Take-Two Interactive’s (TTWO) acquisition of Zynga (ZNGA). Microsoft’s Acquisition of Activision Blizzard Earlier this week, technology giant Microsoft announced that it was going to acquire beleaguered gaming company, Activision Blizzard in an all-cash deal valued at $68.7 billion, with MSFT paying $95 for each share of ATVI.
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Zynga (NASDAQ:ZNGA)
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