Microsoft buys a well-known game maker for $69 bln

Microsoft bought Activision Blizzard, a producer of games such as Call of Duty and Diablo. It paid $68.7 billion for the company's shares. This is the largest takeover in the history of the industry.

Microsoft intends to pay for the acquisition in cash. The price that was set in the transaction was 40 percent higher than the stock market valuation on Monday, the day preceding the announcement of the transaction.