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CNBC reports:

– Microsoft will buy video game giant Activision Blizzard in a $68.7 billion all-cash deal.

– Activision makes popular game franchises such as Call of Duty.

– Activision has been mired in controversy in recent months due to allegations of sexual harassment and misconduct among company executives.

Microsoft announced Tuesday it will buy video game giant Activision Blizzard in a $68.7 billion all-cash deal.

Shares of Activision soared about 31% Tuesday morning following the news. Microsoft shares fell nearly 2% following the announcement. This would be Microsoft’s ...

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