As reported by [arstechnica]:
In an unusual turn of events Microsoft has moved to purchase Activision/Blizzard outright for 68.7 Billion dollars. This comes at a time when Act/blizz is currently embroiled in a work culture controversy, with its stock price hitting a low of 65.39$, although Microsoft is currently paying 95$ per share for this acquisition. This is not an entirely done deal however, as it may be subject to regulatory approval and review, and isn't set to close until Microsoft's 2023 fiscal year, which starts on July 1.
edit: whups, looks like I got ninja'd in the gaming thread...