Microsoft Nears $68.7 Billion Activision Blizzard Acquisition Following Deal Restructure

Microsoft is close to finalizing a $68.7 billion deal to acquire Activision Blizzard by October 13, pending UK approval.

The deal would give Microsoft control of Activision franchises like "Call of Duty," "Overwatch," and "World of Warcraft."

Microsoft restructured the deal to sell Activision's cloud gaming rights to Ubisoft after initial UK objections.

Activision's president thinks the deal will benefit "Call of Duty" through access to Microsoft's resources.

He says the merger is an "extraordinary opportunity" for Activision and will bring more games to more players.