Microsoft is buying Activision Blizzard in a $68.7 billion mega-deal, allowing the company to accelerate mobile gaming and provide building blocks for the metaverse.
Facebook CEO Mark Zuckerberg and many others believe the future of the internet is something known as "the metaverse."
Activision has been buffeted for months by allegations of misconduct and unequal pay. That was addressed Tuesday by Microsoft CEO Satya Nadella in a conference call with investors. Activision disclosed last year it was being investigated by the Securities and Exchange Commission over complaints of workplace discrimination and in September settled claims brought by U.S. workforce discrimination regulators. California's civil rights agency sued the Santa Monica-based company in July, citing a "frat boy" culture that had become a "breeding ground for harassment and discrimination against women.
Last year, Microsoft spent $7.5 billion to acquire ZeniMax Media, the parent company of video game publisher Bethesda Softworks, which is behind popular video games The Elder Scrolls, Doom and Fallout. Microsoft's properties also include the hit game Minecraft after it bought Swedish game studio Mojang for $2.5 billion in 2014.
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