Microsoft’s giant deal to buy Activision Blizzard for $ 69 billion has now come one step closer to reality. Although Activisions accepted Microsoft’s offer fairly quickly, there were still a couple of obstacles left. Now you have passed one of these.
Before Activision Blizzard becomes an official part of Microsoft’s armada of game studios, there are a few steps besides the agreement between the companies that must be taken. Now the deal is a bit closer to reality after Activision’s shareholders voted on the merger.
When Microsoft made its bid, Activision’s value was approximately $ 76 per share. Microsoft’s bid was almost $ 20 per share above the then value. Which means that it may not come as a major surprise that Activision’s shareholders have now voted to proceed with the deal. According to information, as many as 98 percent of the shareholders have voted in favor of selling the studio to Microsoft.
Despite this, it is still a good way to go before the deal goes into port. Right now, the US FTC has an investigation into potentially anti-competitive scams related to the deal. The website Bloomberg also speculates that there may be a general skepticism from investors. This is because the game developer’s shares are at a continued low level. Something that may point to a fear among investors that the deal will not go through.
In any case, Microsoft’s major purchases have come a long way. However, it is still possible for the purchase to be postponed before it is completely ready. If everything continues to go as hoped, the deal will be completely clear and Activision Blizzard will become part of Microsoft sometime during the first half of 2023.
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