In a landmark purchase that has been in the making for nearly 20 months, Microsoft has finally shook hands to acquire Activision Blizzard King, laying out a whopping $68.7 billion for the acquisition. This strategic move isn't just a financial transaction but a merger of legacies, promises, and visions for the future of the gaming industry.

After facing its share of regulatory hurdles and challenges, the deal's finalization came swiftly after UK's Competition and Markets Authority gave its nod, putting a stamp of approval on Microsoft's revised proposal. This nod of approval was essential, particularly given the earlier concerns about the acquisition's potential impacts on the ever-growing sector of cloud gaming.

So, what does Microsoft stand to gain from this transaction? A treasure trove of franchises and, more importantly, the decades of experience of making best-selling titles. Microsoft will now house revered series such as Call of Duty, World of Warcraft, and Diablo. In addition to these gems, Microsoft has also bolstered its Xbox Game Studios' strength by the onboarding prominent developers such as Infinity Ward and Treyarch. One can't ignore the significant boost in mobile gaming as Microsoft embraces Candy Crush Saga developer, King, strengthening its mobile gaming arsenal.