Microsoft has already taken the market with the acquisition of Zenimax Media and Bethesda. This acquisition was considered substantially complete as soon as it was announced. However, following the announcement of the acquisition of ActivisionBlizzardmany doubts were cast as to whether it could finally be realized or if there would be some sort of legal impediment.
In this particular case, one of the first steps was for Activision Blizzard to gain approval from its shareholders. It was something that presented certain doubts. However, it seems thatThis obstacle has been more than overcome. Activision Blizzard announced that more than 98% of all shares in the company voted in favor of its acquisition by Microsoft. The deal is valued at $95 per share in an all-cash transaction.
Statements and the future
Today’s overwhelming vote of support from our shareholders confirms our shared belief that together with Microsoft, we will be even better positioned to create great value for our players, including greater opportunities for our employees, and continue to focus on becoming an example. a welcoming, respectful and inclusive workplace
Bobby Kotick, CEO of Activision Blizzard
It’s curious that the controversial Kotick is advocating for a “respectful” workplace after being accused of abusing and harassing women. In any case, it seems clear that the company needed an image wash that it will obtain within Microsoft. Kotick’s position is unsecured after the merger and probably before it, he will leave his position.
After this important step, the acquisition is scheduled for June 30, 2023. Despite this, some legal stumbling blocks remain, such as its approval by the United States Securities and Exchange Commission (SEC). The Federal Trade Commission (FTC) will also review the deal from an antitrust perspective. Until all of this happens, the company will continue to operate independently. Although more than likely, Microsoft’s attorneys are already working to ensure the entire operation is documented and flawless.
Stay tuned to the Xbox Zone for this and other Microsoft console news.
About the Author
Passionate about science fiction in all its aspects. Player for over 30 years. xboxer at heart
