It's been over a year since Microsoft (NASDAQ: MSFT) announced it would acquire Activision Blizzard (NASDAQ: ATVI) in an all-cash deal valued at $68.7 billion, yet the deal remains uncertain. Activision shares are trading about 24% below its acquisition price of $95 per share. 

Here's a look at what happened since the deal was announced and whether Activision Blizzard is a buy.

The market, fearing antitrust concerns, was skeptical that regulators would approve Microsoft's acquisition of Activision Blizzard from the beginning. Activision stock hasn't reached more than $82 per share over the past year and was as low as $71 per share. 

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Source Fool.com