Activision Blizzard announces its stockholders have approved the company's
proposed merger with
Microsoft. This was expected, but as noted
earlier
today, making it past regulators will be a more difficult hurdle for the deal
to clear. Here's the news:
Activision Blizzard, Inc. (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.