Microsoft Corp (NASDAQ:MSFT) announced on Tuesday its plans to acquire gaming giant Activision Blizzard Inc for $95 per share in an all-cash transaction valued at $68.7 billion. The acquisition will help to erase the association of widespread sexual misconduct, gender discrimination and retaliation with Activation Blizzard's (NASDAQ:ATVI) library of popular games such as Diablo and Call of Duty.