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The Street
The Street
By Tony Owusu Microsoft paid a hefty premium for Activision, making rivals in the space attractive to investors. Microsoft’s (MSFT) – Get Microsoft Corporation Report announcement that it is acquiring Activision (ATVI) – Get Activision Blizzard, Inc. Report has caused a ripple effect across the gaming sphere, as the move could cause a run on big entertainment companies snapping up gaming studios. Microsoft paid $75 billion for Activision, representing a potential 50% upside from the company’s market cap. That type of premium has publicly traded video game stocks like Electronic Arts (EA) – Get…