12 points For each of the following transactions, state whether the transaction is an example of backward vertical integration forward vertical integration, outsourcing divesture, or horizontal integration. Also provide an explanation to defend your answer. (Transaction 1) After acquiring Activision-Blizzard (a video game company) last year, Microsoft (a distributor of video games) decides to sell Activision-Blizzard to another company. (Transaction 2) Kellogg's announced it would split into three companies: (1) one for frozen breakfast, (2) one for cereal, and (3) one for plantbased foods. (Transaction 3) Oakley Sunglasses (a manufacturer of sunglasses) acquires Nano Magic (a company that producers lens cleaning solutions). (Transaction 4) StubHub (a secondary ticket market) merges with TickPick (another secondary ticket market). Together they hope to acquire a sufficient number of Taylor Swift tickets