Microsoft’s desire to buy Activision Blizzard for about $70 billion has moved the game world. Several stages are being made to finalize and make this acquisition happen, one of which was whether shareholders allowed the sale.
Activision Blizzard shareholders voted on the acquisition at the Special Meeting, and more than 98% of shareholders approved the sale.
Of course, that doesn’t mean the deal is over yet, the big hurdle is the assessment by the Federal Trade Commission (FTC).
Federal Trade Commission; An independent body of the Federal Government of the United States, established in 1914 under the law of the Federal Trade Commission. Its main task is the protection of consumer rights, the elimination and prevention of harmful, competitive conditions, and business practices that harm the free market, such as repressive monopolies. *
Microsoft had offered to pay $95 per share, but Activision Blizzard shares are still 25% below that price. That means investors can say, “The deal could fall apart; it’s the fear. Otherwise, someone who buys shares right now will pocket a 25% profit as soon as the deal is approved.
The deal has until June 30, 2023. So for now, there’s no need to get too excited about “this game is going to come to Game Pass!”