Activision Blizzard invited the company’s shareholders to vote on the deal with Microsoft. The transaction must be approved by the majority of shareholders for the acquisition to take place by Microsoft.
In the Call The Activision Blizzard Board of Directors is asking shareholders to vote on the Microsoft deal signed earlier this year announce† It’s the biggest deal in the gaming industry to date. Microsoft wants to pay $68.7 billion for gaming giant Activision Blizzard. The transaction is expected to be completed by 2023 at the latest.
In addition to the various authorities that have not yet approved the deal, Activision Blizzard shareholders must also agree to the deal and the price offered by Microsoft. According to the game company’s board of directors, each shareholder would receive $95 per share if Microsoft acquired the company.
The board advises shareholders in the letter to vote in favor of the deal. The majority is required to agree to the acquisition by Microsoft. If this majority is not achieved, the transaction will not be executed. The board wrote that it expects Activision Blizzard’s shares to fall sharply if the deal fails.
Voting will take place digitally on April 28. Results will likely come after a week. This is the first hurdle that must be overcome in order for the acquisition by Microsoft to pass. In addition to the shareholders, the authorities must also approve the transaction. The US Federal Trade Commission, among others, announced Research to do the deal. Tweaker wrote about Possible Consequences and Objections to the Mega Deal†
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