Activision Blizzard Shareholders To Vote On Microsoft Acquisition Next Month
Microsoft’s acquisition of Activision Blizzard might just be the lifeboat that saves the company from drowning in controversies and scandals. But, that’s assuming that the deal goes through at all. ABK’s shareholders will still need to vote on the deal before both parties can proceed with the acquisition.
According to the Board of Directors, the merger has been unanimously deemed “advisable, fair, and in the best interests of Activision Blizzard and its stockholders.
If the deal pushes through, ATVI will be unlisted from the stock exchange and shareholders will receive $95 for every share that they own. Should the shareholders vote against the merger, the Board says that the company runs the risk of a significant decline in their stock value with “no assurance that any other transaction acceptable to Activision Blizzard or its stockholders will be offered or that Activision Blizzard’s business, prospects or results of operations will not be adversely impacted.”
Activision Blizzard’s shareholders will be voting on the merger on April 28th. Judging from the several shareholders’ initial reaction to the deal, however, it looks like it’s going to be a hard sell.
The full merger proposal can be found here if you want to dive into the details.
