More

    Activision Blizzard stockholders approve acquisition by Microsoft

    Activision Blizzard sent out a press release announcing the approval of the acquisition by Microsoft. Although the acquisition still has major steps left, this is one of the necessary portions of the deal to ensure it closes. If the acquisition survives regulatory scrutiny, the deal is expected to close by June 30th, 2023.

    Read up on the press release below, via BusinessWire:

    SANTA MONICA, Calif.–(BUSINESS WIRE)–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.

    “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 Bobby Kotick, CEO, Activision Blizzard.

    The complete results of the Special Meeting will be reported in a Form 8-K to be filed with the U.S. Securities and Exchange Commission by early next week, after certification by Activision Blizzard’s Inspector of Election.

    Microsoft continues to grow Xbox Game Studios and the brand with major acquisitions. The recent acquisition of Bethesda allows Xbox to create more exclusive games for their platforms. Additionally, the company will rake in even more success and revenue with major games such The Elder Scrolls and Starfield. If the Activision Blizzard acquisition is fully approved, even more games will leverage the Xbox brand going forward with the Xbox Series X|S generation.

    Stay tuned at Final Weapon for the latest gaming news and updates!

    Soul Kiwami
    Soul Kiwami
    Raul Ochoa, a.k.a. Soul Kiwami, is the Deputy Editor in Chief of Final Weapon. With a passion for the Japanese gaming industry, Raul is a huge fan of Nintendo Switch, PC hardware, JRPGs and fighting/action games. business email: soul@finalweapon.net

    Latest articles

    Gran Turismo 7 unveils the Ferrari Vision Gran Turismo https://finalweapon.net/2022/11/27/gran-turismo-7-unveils-the-ferrari-vision-gran-turismo/

    Gran Turismo 7 PC port being considered by producer Kazunori Yamauchi https://finalweapon.net/2022/11/27/gran-turismo-7-pc-port-by-producer-kazunori-yamauchi/

    Samurai Maiden physical release announced for Japan and Asia with English support https://finalweapon.net/2022/11/27/samurai-maiden-physical-release-announced-for-japan-english-support/

    OMEGA6: THE VIDEO GAME by F-Zero and Star Fox artist Takaya Imamura announced for Switch https://finalweapon.net/2022/11/27/omega6-switch-game-by-f-zero-artist-takaya-imamura/

    Load More

    Related articles

    Ads Block Detector Powered by codehelppro.com

    It seems like you're using an ad blocker.

    Here at Final Weapon, we strive to create the best no-nonsense content focusing in specifically on Japanese Gaming. We heavily rely on our partners through advertisements in order to continue keeping the site up. 

    If you'd like to support us and assist in keeping the website up and running, please consider turning off your ad blocker.