4/28/2022, 8:16 PM (Source: TeleTrader)
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Microsoft deal approved by Activision Blizzard shareholders

Activision Blizzard Inc.'s shareholders gave the green light to Microsoft Corporation's $68.7 billion acquisition of the company on Thursday.

Stockholders representing over 98% of all Activision Blizzard shares supported the deal, which is expected "to close in Microsoft's fiscal year ending June 30, 2023," Activision Blizzard specified in a statement.

"Today's overwhelmingly supportive vote by our stockholders confirms our shared belief that, combined with Microsoft, we will be even better positioned to create great value for our players, even greater opportunities for our employees, and to continue our focus on becoming an inspiring example of a welcoming, respectful, and inclusive workplace," Activision Blizzard CEO Bobby Kotick stated in the press release.

Baha Breaking News (BBN) / MS