Activision Blizzard King has $12.5 billion cash on hand.

$68.7 billion - $12.5 billion = $56.2 billion

So the actual amount Microsoft is spending to acquire them is $56.2 billion.

And some people are angry I want to play Diablo IV on Xbox Gamepass. pic.twitter.com/Ch39VQehBE

— PeterOvo (@PeterOvo5) July 12, 2023