Activision Blizzard shareholders approve Microsoft's $69 billion acquisition deal
Microsoft is betting on metaverse and trying to position itself for the next generation of the internet and virtual future
By Arghyadeep Dutta
Published - Apr 28, 2022, 09:20 PM ET
Last Updated - Feb 24, 2024, 05:06 AM EST
• 98% of Activision shareholders approved Microsoft’s proposed deal
Videogame publisher Activision Blizzard Inc (NASDAQ: ATVI) said that its shareholders have approved the $68.7 billion acquisition proposal from Microsoft Corp (NASDAQ: MSFT) to acquire their company.
More than 98% of the shareholders who voted at a special meeting held earlier in the day approved the proposed transaction, the Santa Monica, California-based company said in a press release.
After the announcement, Microsoft jumped over 2.5%, and shares of Activision rose more than 1%.
