Microsoft seals $69 billion Activision Blizzard deal, Call of Duty joins Xbox

Microsoft has successfully closed its $69 billion deal to acquire Activision Blizzard, after receiving approval from the UK regulator. The deal strengthens Microsoft's position in the gaming market, allowing it to compete better with industry leader Sony. To address competition concerns, Microsoft agreed to sell streaming rights for Activision's games. The completion of the deal is a significant win for Microsoft as it aims to attract more users to its Xbox consoles and Game Pass subscription service. The deal still faces opposition from the US Federal Trade Commission, but analysts believe any challenges will result in limited concessions.