Let's take a look at what's going on in 'The World Now'.
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.
Golden sand on Peru's coastline turned black on Sunday, after an oil spill affected kilometers of shoreline.
According to the country's environment minister, the oil spill occurred while a ship was supplying the La Pampilla refinery, affecting at least two kilometers of the country's central coast.
While the Peruvian Agency for Environmental Assessment and Enforcement say it has begun an investigation to determine what caused the oil spill, some are blaming the recent high tides on the volcanic eruption in Tonga.
Two people have reportedly drowned off a beach in Peru,.. due to massive waves felt in the aftermath of the eruption.
According to a report released Tuesday by Imazon, a Brazilian environmental NGO, the area of rainforest destroyed in the Amazon last year reached one,362 square kilometers.
That's 17 times the size of Seoul.
The area lost in 2021 is nearly 30-percent more than in 2020, and the largest since 2012.
The NGO on its website warned that the destruction of the Amazon rainforest is causing serious consequences, including loss of biodiversity, threats to the survival of indigenous people, and worsening global warming.
Some blame loose punishments for environmental crimes in the rainforest, after President Jair Bolsonaro took office.
According to recent data, penalties for environmental crimes in the Amazon rainforest fell from 688 cases from 2014 to 2018, to just 44 cases from 2019 to 2020.
In response, an organization consisting of ecologists, scientists and lawyers filed a complaint with the International Criminal Court against President Bolsonaro last year, accusing him of being responsible for the destruction of the rainforest.
Lee Seung-jae, Arirang News.