Activision Blizzard Shareholders Have Voted to Approve the Xbox Deal

In a recent Special Meeting, more than 98% of all Activision Blizzard shares voted in favour of being acquired by Microsoft.

Posted By | On 28th, Apr. 2022

Xbox Activision Blizzard

Microsoft’s announcement of a pending acquisition of Activision Blizzard for a sum of about $69 billion is one of the biggest news stories the games industry has seen in years, if not ever, but with any deal of this kind of magnitude, there are a lot of moving pieces involved before things can be finalized. In this particular cases, one of steps was for Activision Blizzard to get the approval of its shareholders for the same, and it seems that hurdle has now been cleared.

Activision Blizzard has announced that its shareholders have voted to approve the Xbox deal. In a recent Special Meeting, more than 98% of all company shares voted in favour of being acquired by Microsoft. The deal is valued at $95.00 per share in an all-cash transaction.

“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, whose position at the company post-acquisition still remains unclear.

The acquisition is set to be finalized by June 30, 2023, though it will have to be reviewed and approved by the United States Securities and Exchange Commission (or the SEC), while the Federal Trade Commission (FTC) will also be handling an antitrust review of the deal. Until that happens, the company will continue to operate independently.


Amazing Articles You Might Want To Check Out!



Share Your Thoughts Below  (Always follow our comments policy!)



Keep On Reading!

Battlefield 2042 – Update 4.1 Removes 128 Player Breakthrough, Includes Balance Fixes, and More

Battlefield 2042 – Update 4.1 Removes 128 Player Breakthrough, Includes Balance Fixes, and More

Battlefield 2042's latest update removes the 128-player mode of Breakthrough because it isn't working the way ...

WRC Generations Announced; Launching in October for PlayStation and Xbox, Later for PC and Switch

WRC Generations Announced; Launching in October for PlayStation and Xbox, Later for PC and Switch

KT Racing and Nacon's final WRC title is being billed as the most comprehensive WRC game to date, and will als...

Final Fantasy 7 Announcements Arriving in June, According to Square Enix

Final Fantasy 7 Announcements Arriving in June, According to Square Enix

The developer had previously indicated that Final Fantasy 7 Remake Part 2 might be officially unveiled sometim...

Roller Champions is Out on May 25 for PS4, Xbox One, and PC

Roller Champions is Out on May 25 for PS4, Xbox One, and PC

The free-to-play game will feature cross-play and cross-progression support. Switch and Stadia versions will a...

Steelrising Story Trailer Welcomes You to the Revolution

Steelrising Story Trailer Welcomes You to the Revolution

Spiders and Nacon's action RPG is due out for PlayStation 5, Xbox Series X/S, and PC a few months from now, in...

The Last of Us Remake is Scheduled for Holiday 2022 – Rumour

The Last of Us Remake is Scheduled for Holiday 2022 – Rumour

Journalist Jeff Grubb has claimed that based on what he's heard, The Last of Us' rumoured remake is expected t...