Activision Blizzard Stockholders Approve Proposed Microsoft Transaction
April 28 2022 - 12:35PM
Business Wire
Activision Blizzard, Inc. (NASDAQ: ATVI) announced that its
stockholders approved Microsoft Corporation’s (Nasdaq: MSFT)
proposal to acquire Activision Blizzard at the Activision Blizzard
Special Meeting of Stockholders held earlier today. More than 98%
of the shares voted at the Special Meeting were voted in favor of
the proposed transaction with Microsoft.
On January 18, 2022, Microsoft announced plans to acquire
Activision Blizzard for $95.00 per share in an all-cash
transaction. Subject to customary closing conditions and the
completion of regulatory review, the proposed transaction is
expected to close in Microsoft’s fiscal year ending June 30,
2023.
“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,” said Bobby Kotick, CEO, Activision
Blizzard.
The complete results of the Special Meeting will be reported in
a Form 8-K to be filed with the U.S. Securities and Exchange
Commission by early next week, after certification by Activision
Blizzard’s Inspector of Election.
About Activision Blizzard
Our mission, to connect and engage the world through epic
entertainment, has never been more important. Through communities
rooted in our video game franchises we enable hundreds of millions
of people to experience joy, thrill and achievement. We enable
social connections through the lens of fun, and we foster purpose
and a sense of accomplishment through healthy competition. Like
sport, but with greater accessibility, our players can find purpose
and meaning through competitive gaming. Video games, unlike any
other social or entertainment media, have the ability to break down
the barriers that can inhibit tolerance and understanding.
Celebrating differences is at the core of our culture and ensures
we can create games for players of diverse backgrounds in the 190
countries our games are played.
As a member of the Fortune 500 and as a component company of the
S&P 500, we have an extraordinary track record of delivering
superior shareholder returns for over 30 years.
Our enduring franchises are some of the world’s most popular,
including Call of Duty®, Crash Bandicoot™, Warcraft®, Overwatch®,
Diablo®, StarCraft®, Candy Crush™, Bubble Witch™, Pet Rescue™ and
Farm Heroes™. Our sustained success has enabled the company to
support corporate social responsibility initiatives that are
directly tied to our franchises. As an example, our Call of Duty
Endowment has helped find employment for over 90,000 veterans.
Learn more information about Activision Blizzard and how we
connect and engage the world through epic entertainment on the
company's website, www.activisionblizzard.com.
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