Activision Blizzard News
Shares in Activision, which also makes "Candy Crush", "Overwatch" and "World of Warcraft", fell nearly 12% to $76.65, moving further from Microsoft's offer price of $95 per share.
When the transaction closes, Microsoft will become the world`s third-largest gaming company by revenue, behind Tencent and Sony.
The company has studios around the word with nearly 10,000 employees.
Bobby Kotick will continue to serve as CEO of Activision Blizzard.
Co-founder of King, owned by Activision Blizzard, will become the chairman, the Financial Times reported on Sunday.
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