Daily Management Review

Microsoft buys Activision Blizzard


Activision Blizzard, one of the major video game publishers, said in a statement that its shareholders had accepted a proposal to buy the company from Microsoft for almost $70 billion.

According to a press release, "At a special meeting of Activision Blizzard shareholders held earlier today, Activision Blizzard shareholders approved Microsoft Corporation's offer to acquire Activision Blizzard." According to the corporation, more than 98 percent of shareholders voted in support of the purchase.

Microsoft said in January that it will pay $95 per share for Activision Blizzard, for a total of approximately $69 billion. The agreement is expected to be finalized in the fiscal year ending June 30, 2023, after acquiring the relevant approvals and completing the requisite conditions.

Overwatch, Warcraft, Diablo, Candy Crush and Call of Duty are among the legendary franchises acquired from Activision, Blizzard, and King studios as part of the transaction.

source: bloomberg.com