Sunday, March 3, 2024

Shareholders agree to sell to Microsoft –

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Activision Blizzard declared that his Shareholders approved Proposed purchase of the company by Microsoft. The vote was taken during the special Activision Blizzard shareholder meeting, and saw the pro-Microsoft win with 98% of the positive vote.

The announcement of the agreement between Microsoft and Activision Blizzard dates back to January 18, 2022. The Redmond Company committed to acquiring Activision Blizzard by paying $95 per share. The transaction is currently under review by various international antitrust bodies. Thus, shareholder voting is only one of the obstacles that must be overcome before it becomes effective.

Bobby Kotik, Activision Blizzard’s current CEO, said he was pleased with the support given to the company’s stock options, with a largely positive vote.It underscores our belief that by joining Microsoft, we will be in a better position to create significant value for our players, as well as great opportunities for our employees.

Minutes of the meeting with shareholders will be sent to the US Securities and Exchange Commission, after approval by the Activision Blizzard election inspector.

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Leon Motley
Leon Motley
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