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Briefing

The Briefing: Microsoft To Buy Activision For $68.7B, Wayve Raises $200M, And More

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Here’s what you need to know today in startup and venture news, updated by the ½ûÂþÌìÌà News staff throughout the day to keep you in the know.

Microsoft to buy Activision for $68.7B

announced to acquire game developer .

The software giant will acquire Activision Blizzard for $95 per share, in an all-cash transaction valued at $68.7 billion, inclusive of Activision Blizzard’s net cash.

When the transaction closes, Microsoft says it will become the world’s third-largest gaming company by revenue, behind and .

— Joanna Glasner

Wayve raises $200M

, a U.K.-based developer of technology for autonomous delivery vehicles, raised $200 million in a Series B funding round led by and joined by a long list of venture and strategic investors.

— Joanna Glasner

Funding round

Pinwheel picks up $50M: , a New York-based provider of payroll technology, raised $50 million in a Series B funding round led by . The startup describes itself as payroll connectivity API company used by financial institutions to update direct deposits and access income and employment data.

— Joanna Glasner

Funds

Blossom Capital closes $432M for European Series A fund: has closed on its third fund of $432 million to invest in European startups at Series A. This is its largest fund to date. Fund two was announced in January 2020, at $185 million.  The firm has most recently led Series A fundings in , and

— Gené Teare

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