Activision Blizzard Shareholders Approve MS Deal [Apr 28, 2022, 7:10 pm ET] – 5 Comments
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.
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