Activision Blizzard Shareholders Vote to Approve Sale to Microsoft - News
by William D'Angelo , posted on 28 April 2022 / 3,249 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 have now voted this morning to approve Microsoft's acquisition of the gaming giant. More than 98 percent of the shares voted in favor of the acquisition at $95.00 per share.
"Today’s overwhelmingly supportive vote by our stockholders confirms our shared belief that, combined with Microsoft, we will be even better positioned to create great value for our players, even greater opportunities for our employees, and to continue our focus on becoming an inspiring example of a welcoming, respectful, and inclusive workplace," said Activision Blizzard CEO Bobby Kotick in a press release.
The acquisition still acquires the approval from the FTC, which are currently investigating the biggest acquisition in gaming and Microsoft history.
The deal isn't expected to close until Microsoft's next fiscal year, which runs from July 1, 2022 to June 30, 2023.
Breaking: Activision Blizzard shareholders voted to approve the $70 billion Microsoft sale this morning, an expected procedural move.
— Kellen Browning (@Kellen_Browning) April 28, 2022
The FTC still has to scrutinize the deal; several U.S. senators have urged the agency to review it over antitrust concerns.
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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I can't wait for all the Call of Duty on Game Pass... I have to revisit some of the older single player campaign.
I played World at war and the original modern warfare trilogy for the first time (yes, first time) last year. I now understand why those games were so highly praised. World at war, the soviet campaign, is absolutely amazing even today. And MW1 and 2 are very good, I think we wont see games like that anymore.
Same last game I played was Modern warfare 2 and that was release in 2009.
One step closer to completion!
insert shocked Pikachu face meme
I knew it just didn’t expect a 98% approval .
the more the current price drops from the buyout price, the more approval you get, and the stock market has been crashing for 4 months now, almost every stock
Sounds good to ms
I wonder if MS will merge Battle net with Steam and Windows Store. They did with Bethesda's app.
doesn't hurt that stocks have dropped like crazy in April (after the crash in January also), so this buyout looks better than ever
Patience... Patience...
Just sad he's also getting a payday from this.
He was getting one no matter what, he already had stock and you can’t just steal that from someone just because they did something bad.
he'll be gone the day the merger gets finalised. Take your 250m$ and GTFO.
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