Activision Blizzard Stockholders Approve Microsoft Acquisition

It's been confirmed today that Activision Blizzard's stockholders have voted to approve the acquisition of the company by Microsoft, with a press release suggesting that more than 98% of the shares voted in favour of the deal.

Activision Blizzard CEO Bobby Kotick described it as an "overwhelmingly supportive vote" 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."

The acquisition has still probably got quite a way to go until it's finalised, with the deal potentially set to complete as late of June of 2023, but this is one of the bigger hurdles it's now managed to clear.

Interestingly however, Bloomberg has been reporting today that Wall Street is "betting that the acquisition will fail", suggesting that, "investors see risk the buyout won’t close as planned", with one source suggesting this was due to "tough-talk from President Joe Biden’s antitrust enforcers".

Today's news is definitely a positive for the deal, but it seems there are still a few twists and turns to come yet...

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