Microsoft to buy embattled Activision Blizzard for $68.7 billion
CBSN
Microsoft said Tuesday it is buying video-game company Activision Blizzard for $68.7 billion in a transaction that will bring titles such as "Warcraft" and "Call of Duty" to the software giant. The purchase comes after Activision was sued over its "frat boy" culture and faced allegations of sexual harassment.
Microsoft said it will pay $95 per share in an all-cash transaction. That represents a 43% premium to Activision's closing stock price on Friday of $65.39. Shares of the video game developer surged in premarket trading to as much as $90.
Microsoft said CEO Bobby Kotick will continue in that role after the acquisition is completed. Kotick has come under pressure from employees and some activist shareholders who want him to step down amid allegations he ignored complaints about sexual harassment.
As former President Donald Trump's historic criminal trial gets underway in New York this week, the CBS News Confirmed team has been tracking potentially misleading narratives that have gained some traction on social media. Here are three of the viral claims that have emerged during the trial so far and what to know about them. Regarding counsel's request that the Court adjourn on Friday, May 17th for Mr. Trump to attend his son's high school graduation and Friday June 3rd to allow a member of the defense team to attend their son's graduation, I cannot rule on those two requests at this time. It really depends on how we are doing on time and where we are in the trial. If everything is going according to schedule without unnecessary delays, then I am sure we will be able to adjourn for one or both of those days, but if we are running behind schedule, we will not be able to. Anderson Cooper: So you signed and released — a statement that said, 'I am not denying this affair because I was paid in hush money. I'm denying it because it never happened.' That's a lie?