https://wccftech.com/activision-blizzard-has-been-acquired-by-microsoft-for-70-billion/

Microsoft has just dropped another megaton on the gaming industry, only this time it's about ten times bigger than buying Bethesda, as they've announced the acquisition of Activision Blizzard for a reported value of $70 billion. Microsoft is aiming to offer 'as many of their games as possible' on Game Pass for Xbox and PC.

Upon the deal's closure, Activision Blizzard will report directly to Phil Spencer, the Head of Microsoft Gaming. This suggests Activision Blizzard CEO Bobby Kotick, who recently got embroiled in a sea of controversies alongside the rest of the company, might be on the way out once the deal is done, though that's not clear yet.