Activision Blizzard Shareholders to Vote on Microsoft Acquisition on April 28 - News
by William D'Angelo , posted on 01 April 2022 / 2,974 Views
Microsoft announced on January 18 of this year its plans to acquire Activision Blizzard in a deal worth $68.7 billion. IPs that will be owned by Microsoft if the deal is approved includes Call of Duty, Warcraft, Candy Crush, Tony Hawk, Diablo, Overwatch, Spyro, Hearthstone, Guitar Hero, Crash Bandicoot, StarCraft, and more.
Activision Blizzard shareholders will now hold a vote to either approve or reject the acquisition on April 28, 2022, according to an SEC filing shared with investors and reported by GamesIndustry. The result of the vote is expected to shared on Wednesday, May 4.
Shareholders are being asked to cast a non-binding and advisory vote on the deal during a special meeting that will be held virtually. Anyone who abstains or fails to vote will be counted as voting "against" the merger.
The Activision Blizzard board of directors unanimously stated the terms of the acquisition are "advisable, fair to and in the best interests of Activision Blizzard and its stockholders."
If the merger is approved and completed Activision Blizzard will be delisted from the stock market and will no longer be a publicly traded company. Shareholders will be given the open and are entitled to receive $95 in cash for every Activision Blizzard share they have.
Activision Blizzard says if the merger fails to be approved it is expect the price of its stock will "decline significantly" and "there can be no assurance that any other transaction acceptable to Activision Blizzard or its stockholders will be offered, or that Activision Blizzard's business, prospects or results of operations will not be adversely impacted."
Reuters this week reported the U.S. Federal Trade Commission has asked for more information from Activision Blizzard and Microsoft as part of its antitrust review of the proposed acquisition. Microsoft is filing for approval of the acquisition in 17 jurisdictions.
Microsoft CEO Satya Nadella previously said that even with Activision Blizzard, Microsoft would only be the third biggest gaming company with a marketshare in the low-teens.
A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. You can contact the author at wdangelo@vgchartz.com or on Twitter @TrunksWD.
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the vote will be overwhelming on the yes side!
"Right guys, we lost a fair bit on our stock recently because of internal problems and questionable sales on larger titles, do you want to make an extra 50% on it's current value?"
"Aye"
"All opposed?"
"Me"
"Who keeps saying that?"
And I thought the deal was good to go,
But looks like we're going to wait and see what happens...
You know.. low key I kinda want this acquisition to fail. I think that money could be better spent elsewhere.
Vote Yes for world domination (and better working conditions).
Yes with stocks that were going down, their internal issues still going on, lawsuits on the Horizon and someone paying a big premium for them I'm sure they will reject.
From what we know, Activision is worth more than $67b and MS are jumping on the value compared to the protential the company can make.
Why is this so late? Not critisizing it, I'm just wondering.
For a transaction like that this is pretty normal, not really late.
This will go through, those are shareholders voting (not gamers and fanboys of a brand/another brand :)) and the deal is clearly in their favor, money-wise, but they needed time to organize all of this (probably a discussion about the deal itself and details). This is just formality at this point.
Problem is, if they boot him asap, Bobby gets a massive payout, and we shouldn't want that scumbag to get the golden parachute of a lifetime.
He's getting a massive payout one way or the other.
Well it will go through, no doubts. I have over 300k in Acti.Stock and I bought it at 68$. Microsoft will give 95$ for it... Shareholders are going to vote yes hehe, this is a given. That being said, I'm not sure if they are going to get ride of Bobby Kotick that fast after the deal closes... We may be disappointed...
Daaaaaaamn you're in for a huge return on investment!
Yep other than preferring Microsoft as my main gaming platform, when they announced that, I was pretty happy :) Not going to lie ahah
I do too :) But do not get your hopes to high. While very likely to happen, this jackass may still be there for a while unfortunately. Who knows what kind of "clause" he added/will add to the final term of the acquisition...
Then hopefully they buy something like SE or SEGA just to see your reaction on here.
Essay Pro