Microsoft announced Tuesday that it's set to acquire 'Call of Duty' maker Activision Blizzard for 68.7 billion US dollars in cash, the largest deal in the sector.
Microsoft's offer of 95 dollars per share is actually 45-percent higher than the value when market's closed on Friday.
The deal would also make the maker of the Xbox the third-largest gaming company by revenue.
According to Microsoft CEO Sataya Nadella, the company is looking to push further into metaverse platforms through the acquisition.
And despite the massive price tag, experts say it's a fair price.
"I think that from Microsoft's perspective, they're getting a bargain, because they're going to really vastly expand their library."
Microsoft has been making major investments in gaming in recent years, scooping up 'Minecraft' maker Mojang Studios and Zenimax in multi-billion dollar deals.
Despite Microsoft's takeover,.. Bobby Kotick will continue to serve as CEO of Activision Blizzard.