HomeWinBuzzer NewsActivision Blizzard Investors Greenlight Microsoft's $69 Billion Takeover

Activision Blizzard Investors Greenlight Microsoft’s $69 Billion Takeover

Microsoft’s massive deal to acquire Activision Blizzard has passed a milestone as the latter’s shareholders approve the deal.

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Earlier this year, announced a massive buyout of , one of the world's biggest gaming brands. According to the company, it will pay $69 billion to acquire the firm, bringing brands like Call of Duty, Warcraft, and Candy Crush into the Xbox brand.

Despite the announcement, the deal is not yet done. There are many steps between the agreement to purchase and its finalization. Microsoft will need regulatory approval around the world. An important step in starting that process came this week when investors in Activision Blizzard approved Microsoft's purchase.

More than 98% of voters said yes to Microsoft's bumper buyout. It is worth noting Activision Blizzard's board has already approved the deal, but shareholder approval means it can go ahead. In a press release, the company welcomes the overwhelmingly favorable vote:

“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,” says Bobby Kotick, CEO of Activision Blizzard.

Moving Ahead

Microsoft plans to finalize its deal to purchase Activision Blizzard during the fiscal ending of 2023, which will be June next year. Before that happens, the company will need the proposal to pass regulations in the United States, Europe, United Kingdom, , and other regions.

If allowed, the purchase will place the entire Activision Blizzard portfolio under the control of . It is unclear what will happen to major franchises like Call of Duty. There will clearly be a temptation for Microsoft to make those brands exclusive to Xbox.

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Luke Jones
Luke Jones
Luke has been writing about all things tech for more than five years. He is following Microsoft closely to bring you the latest news about Windows, Office, Azure, Skype, HoloLens and all the rest of their products.

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