Activision shareholders approve Microsoft buyout with 98% yes vote

The vast majority of Activision shareholders have voted to accept Microsoft's $68.7 billion buyout offer at $95 per share.

@DeekeTweak
Published Thu, Apr 28 2022 7:30 PM CDT   |   Updated Fri, May 20 2022 9:28 PM CDT

The single largest acquisition in the history of video games has been accepted by shareholders...and now it's up to the FTC.

Activision shareholders approve Microsoft buyout with 98% yes vote 1 | TweakTown.com
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The Microsoft-Activision deal is one step closer to going through. Today, the overwhelming majority of Activision-Blizzard stakeholders have voted yes to Microsoft's share buyout offer. As per an SEC filing, 98% of company shareholders (539.332 million) voted in favor of the buyout.

Activision shareholders approve Microsoft buyout with 98% yes vote 2 | TweakTown.com

Microsoft has bid $95 a share to acquire all of Activision-Blizzard's stock, representing a massive deal worth $68.7 billion. The deal is expected to close by June 2023 if it can clear the FTC, which has been emboldened to crack down on industry-shaking mega-mergers.

The FTC's current officials blocked NVIDIA's buyout of ARM, however it's believed that the Microsoft-Activision merger will go through because there's no evidence of monopolistic market share.

Bloomberg notes that the deal will also have to be cleared in Europe and China.

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Derek joined the TweakTown team in 2015 and has since reviewed and played 1000s of hours of new games. Derek is absorbed with the intersection of technology and gaming, and is always looking forward to new advancements. With over six years in games journalism under his belt, Derek aims to further engage the gaming sector while taking a peek under the tech that powers it. He hopes to one day explore the stars in No Man's Sky with the magic of VR.

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