Microsoft to gobble up Activision in $69 billion metaverse bet


FILE PHOTO The Activision booth is shown at the E3 2017 Electronic Entertainment Expo in Los Angeles California U.S. June 13 2017.  REUTERS Mike BlakeFile Photo

FILE PHOTO: The Activision booth is shown at the E3 2017 Electronic Entertainment Expo in Los Angeles, California, U.S. June 13, 2017. REUTERS/ Mike Blake/File Photo

(Reuters) - Microsoft Corp is buying "Call of Duty" maker Activision Blizzard for $68.7 billion in the biggest gaming industry deal in history as global technology giants stake their claims to a virtual future.

The deal announced by Microsoft on Tuesday, its biggest-ever and set to be the largest all-cash acquisition on record, will bolster its firepower in the booming videogaming market where it takes on leaders Tencent and Sony.

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