Activision Blizzard shareholders almost unanimously approved Microsoft’s £ 55 billion takeover of the company, with a whopping 98% voting in its favor during a special meeting held on April 28.
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This news comes through GamesIndustry.bizand the report includes a quote from controversial Activision Blizzard CEO Bobby Kotick.
“Today’s very favorable vote from our shareholders confirms our shared belief, with Microsoft, that we will be in an even better position to create great value for our players, even better opportunities for our employees, and to continue our focus on its be an exciting example of. a welcoming, respectful and inclusive workplace, “said Kotick.
While the acquisition seems certain at this point, Bloomberg reported that Wall Street continues to believe that the Federal Trade Commission (FTC) could stop it. That’s because Activision Blizzard shares are trading 24 percent below Microsoft’s proposed price of 75.79 pounds ($ 95), which has alerted investors to buying certainty.
The FTC was reportedly reviewing the acquisition for the first time in February, after Microsoft announced plans in January. Bloomberg also argues that even if the agreement is reached, the FTC could delay or block the market altogether, and there will also be other governments to counter it.
To date, this acquisition by Microsoft is the most expensive in the gaming space, culminating in Microsoft’s previous £ 5.9bn acquisition of ZeniMax Media and the Take – Two acquisition of Zynga. , of 9,300 million pounds. As such, it is an area of legal mine that will be scrutinized by anti – trust agencies.
If done, the market will take many high – profile IPs owned by Microsoft, for example Call of Duty, World of Warcraft, Diablo, and the mobile beat is perhaps the most profitable of the hill Candy Crush.
The market will close at the end of Microsoft’s fiscal year in June 2023, although closing conditions and a regulatory review may lead to a change in this date.
In other news, the development of Meta VR cost the company $ 2.3 billion in three months.