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Microsoft buys game maker Activision Blizzard for about $70 billion

Microsoft is paying nearly $70 billion for Activision Blizzard, the maker of Candy Crush and Call of Duty, to boost its competitiveness in mobile gaming and virtual-reality technology. The all-cash $68.7 billion deal will turn Microsoft, maker of the Xbox gaming system, into one of the worldโ€™s largest video game companies. It will also help it compete with tech rivals such as
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