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The announcement came after Microsoft cleared a final regulatory hurdle to the deal from Britain's competition watchdog. TheR$69-billion purchase of Santa Monica-based Activision Blizzard makes Microsoft the third-largest gaming company in the world by revenue, behind China's Tencent and Sony in Japan.

He has been covering the business & culture of video games for two decades. Microsoft has successfully persuaded regulators around the world to clear itsR$68.7 billion acquisition of Activision Blizzard  the biggest deal of its kind the gaming industry has ever seen  and has completed the deal.

BlackRock remained the largest firm overall, withR$8.59 trillion in total assets globally vs. Vanguard'sR$7.25 trillion, and has a much larger presence with clients such as government-sponsored retirement plans and sovereign wealth funds.

Fidelity and Vanguard are two of the largest investment companies in the world. Fidelity boasts over 43 million individual investors andR$1 1.5 trillion in assets under administration (AUA). 1 Meanwhile, Vanguard has more than 30 million investors andR$8.5 trillion in assets under management.