Microsoft is paying nearly $70 billion for Activision Blizzard, the maker of"Candy Crush'' and ''Call of Duty,'' as it seeks an edge in the fiercely competitive businesses of mobile gaming and virtual-reality technology.
Activision has been buffeted for months by allegations of misconduct and unequal pay, and that was addressed Tuesday by Microsoft CEO Satya Nadella in a conference call with investors. Activision CEO Bobby Kotick will retain his role, and he and his team will maintain their focus on driving efforts to further strengthen the Santa Monica, California, company's culture and accelerate business growth.
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