Activision Blizzard Stockholders Approve $68.7 Billion Sale to Microsoft

wowhead.com:

Activision Blizzard stockholders have officially voted and approved the company's sale to Microsoft! More than 98% of the voting shares were reported to have supported the $95 per share transaction, totaling $68.7 billion, though some investors still show concern, as influencers such as the SOC Investment Group continue to lobby the Federal Trade Commission to intervene against the deal. Although approved by shareholders, the deal is still a long way from closing — anticipated to conclude sometime before the end of Microsoft's fiscal reporting year in June 2023.

In their own press release, Microsoft CEO Satya Nadella said, “Gaming is the most dynamic and exciting category in entertainment across all platforms today and will play a key role in the development of metaverse platforms. We’re investing deeply in world-class content, community and the cloud to usher in a new era of gaming that puts players and creators first and makes gaming safe, inclusive and accessible to all.”

(NASDAQ: ATVI) announced that its stockholders approved Microsoft Corporation’s (Nasdaq: MSFT) proposal to acquire Activision Blizzard at the Activision Blizzard Special Meeting of Stockholders held earlier today. More than 98% of the shares voted at the Special Meeting were voted in favor of the proposed transaction with Microsoft.

On January 18, 2022, Microsoft announced plans to acquire Activision Blizzard for $95.00 per share in an all-cash transaction. Subject to customary closing conditions and the completion of regulatory review, the proposed transaction is expected to close in Microsoft’s fiscal year ending June 30, 2023.