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Activision Blizzard shareholders have approved the sale of Microsoft

  • April 28, 2022
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The purchase of Activision Blizzard by Microsoft is undoubtedly huge operation. So much so that, as we could already imagine from his announcement, there are quite a few

The purchase of Activision Blizzard by Microsoft is undoubtedly huge operation. So much so that, as we could already imagine from his announcement, there are quite a few traffic lights at the beginning of the year, which still have to turn green so that the purchase has come a long way from the announcement of intentions to the final realization of the acquisition. A long way and maybe a little winding.

Any progress in this regard is therefore excellent news for the parties involved in the development of the proposal, namely Microsoft and the board of Activision Blizzard, which is headed by more than the controversial Bobby Kotick. And today is a very good day for these negotiators because, as we can read in Yahoo! Finance, Activision Blizzard shareholders voted massively for the purchase under the terms proposed by Microsoft, ie for an offer of $ 68,700 million.

Maybe because they didn’t believe the shareholders’ reactionThe inquiry raised by Activision Blizzard was not binding on its shareholders, so the company reserved the right to act contrary to what the shareholders chose. However, a confrontation of this type would not be easy for Kotick and his people, because the shareholders could eventually use their power and thus endanger not only the operation but also the responsible executives.

Activision Blizzard shareholders have approved the sale of Microsoft

However, the war does not break out and the fact is that the final result of the vote was overwhelming, with 98% of Activision Blizzard shares voting in favor of the acquisition. In addition, something that could affect its rating by regulators, who are currently analyzing the operation in detail to decide whether its impact on the market is acceptable, or, conversely, can destabilize it by bringing Microsoft a monopoly.

In this context The regulators of European, American, British, Chinese and other jurisdictions still have to speak, and are expected to be relatively rigorous in their assessment. A recent example is the failed acquisition offer that NVIDIA wanted to take over ARM with, which shows us that antitrust vigilance is gaining ground globally. And the fact that Microsoft would buy Activision Blizzard has strengthened its already very strong position in the video game market, especially since the purchase of Zenimax.

Source: Muy Computer

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