Activision Blizzard shareholders have voted to acquire Microsoft 2022-04-28 13:45:39


Activision Blizzard shareholders voted overwhelmingly for Microsoft Proposed acquisition of $69 billion From the publisher, with 98% of the shares agreeing to the deal.

However, there is still some way to go until the deal is finalized; While Activision Blizzard shareholders — and earlier in the week, board members — have now given approval for the deal, it is still subject to regulatory review around the world, by the likes of the Federal Trade Commission in the US, to determine if it forms The deal is unfair competition.

If the deal goes through regulatory review, the acquisition will run through June 2023, at which point Microsoft will welcome some of the most well-known industries into its fold, including Call of Duty, Warcraft, Overwatch and Candy Crush.

But as Reported by Bloomberg todayUncertainty remains over whether the deal will be allowed, with some Wall Street investors believing the Biden administration’s antitrust investigators will block or delay the acquisition — a belief that is reflected in Activision Blizzard’s current share price, which is trading at 23% lower. from Microsoft price. Offer $95.

However, with the approval of Microsoft’s takeover offer by Activision Blizzard shareholders, another hurdle was removed. Responding to the news, Activision CEO Bobby Kotick said: “Today’s overwhelmingly supportive vote by our shareholders underscores our shared belief that we, along with Microsoft, will be in a better position to create significant value for our players, greater opportunities for our employees, and continue our focus on becoming An inspiring example of a welcoming, respectful and inclusive workplace.”

Microsoft’s acquisition of Activision comes at an upsetting time for the Call of Duty publisher, which remains mired in controversy after shocking claims last year that it has nurtured a company culture where sexual harassment, assault and inappropriate behavior can thrive.

Activision Blizzard has been described as “a breeding ground for harassment and discrimination against women” in a File a lawsuit in California Last July, CEO Bobby Kotik later became the focus of A damn report Claiming to have known about sexual misconduct within the company for “years”.

Recently, the parents of a former Activision Blizzard employee who committed suicide during a company retreat in 2017 launched a lawsuit to sue the publisher over wrongful killingclaiming that the suicide was the result of sexual harassment by co-workers.

Events took another dramatic turn earlier this month when the governor of California accused of interfering To support Activision Blizzard in the government’s discrimination and harassment lawsuit that started the publisher’s problems.