A buyout is not done in the blink of an eye. Especially when it comes to astronomical sums like now. In any case, a new step has just been taken with the takeover of Activision Blizzard by Microsoft. Explanations.
As you can probably imagine, buying a business is a long and winding road. For example, last January we learned that Microsoft had full intentions to buy Activision Blizzard and all of its studios for a total of $68.7 billion. A sum. Quite a sum.
A positive signal for Microsoft’s acquisition of Activision Blizzard
In order to carry out such a takeover, several steps must be followed, one of which, most importantly, has just been achieved: shareholder approval. With that, said shareholders almost unanimously (98%) approved the acquisition of Activision Blizzard by Microsoft. As for the financial details, we also learn that a share will be worth $95 once the acquisition is confirmed. The action is currently given as $76.
Still some doubts
The takeover therefore quietly continues on its journey. If this is a very good signal for Microsoft, it does not mean that the champagne can be cut quietly, as there is still a bit of a way to go. According to the journalist Jason Schreier
Business should therefore follow for Microsoft. But you had to suspect it, everything is not as simple as an advertisement can sometimes lead you to believe. And the larger the sums, the more the authorities are waking up. We recently saw this with the (potential) announcement of Elon Musk’s takeover of Twitter.
