#Activision Blizzard
The deal was blocked in April by UK’s Competition and Markets Authority which said it could give Microsoft a stranglehold over the nascent cloud gaming market
The French gamemaker will get the rights for all of Activision Blizzard’s console games released in the next 15 years
The PIF is in the midst of a global investment spree after it was transformed from a domestically-focused holding company into a sovereign fund in 2016
Microsoft claims its incentive in buying Activision is to gain a foothold in the lucrative mobile gaming market
Microsoft is offering a 45 per cent premium to Activision’s last closing price in New York