Activision Blizzard stockholders approve proposed Microsoft buyout

Activision Blizzard has announced that its stockholders approved Microsoft’s proposal to acquire the company.

The vote was put to shareholders during a special meeting of Stockholders held earlier today, and over 98% voted in favor of the proposed transaction.

On January 18, 2022, Microsoft announced plans to acquire Activision Blizzard for $95 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.

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