Activision Blizzard Shareholders , Vote in Favor of Microsoft’s, $68.7 Billion Takeover Bid.
Activision Blizzard Shareholders , Vote in Favor of Microsoft’s, $68.7 Billion Takeover Bid.
Engadget reports that on April 28, over 98%
of shareholders approved of the merger.
Activision's board of directors advised shareholders to vote in favor of the acquisition because it unanimously agreed the move was best for all parties.
Engadget reports that if the majority of shareholders had not approved of the merger, the deal would not have been able to move forward.
Engadget reports that if the majority of shareholders had not approved of the merger, the deal would not have been able to move forward.
The Federal Trade Commission (FTC)
is currently reviewing the deal.
According to an SEC filing, the companies are also seeking regulatory approval from the UK, EU, China and other jurisdictions. .
According to an SEC filing, the companies are also seeking regulatory approval from the UK, EU, China and other jurisdictions. .
If all goes well, the deal is
expected to close by June 2023.
Aside from antitrust concerns, there are other issues that may affect the merger.
such as the fact that Activision has been hit with lawsuits pertaining to workplace harassment and discrimination.
Also, Engadget reports that QA workers at
Raven Software, Activision's studio,
are about to hold a union election