The Acquisition of Activision Blizzard by Microsoft was predominantly decorated in the video game scene. The $ 70 billion dollar deal is not yet possible. Officially, Microsoft can only complete the acquisition at the end of the financial year 2023. That would be in June 2023. Previously, some details have to be clarified.
One of the most important cornerstones of the Activision Blizzard Takeover is the majority consent of ATVI shareholders. The United States Securities and Exchange Commission (SEC) has provided investors a document in which it is emphasized how important it is that has a majority appreciating the process , and that the approval “advisable, fair and In the best interest of Activision Blizzard and the shareholders “is . The participants have to vote until April 28th of April 2022. The result of the vote is expected on May 4, 2022 .
That would mean a takeover for ATVI shareholders
If the acquisition is approved and completed, ATVI will be taken from the stock exchange, but shareholders are entitled to $ 95 in cash for each share they have, while a failure of the takeover would mean a “significant decline in stock value “And that there is no guarantee that Activision Blizzard’s business, prospects or operating results will not be adversely affected.”
As far as the acquisition is concerned, the Federal Trade Commission FTC continues to check the deal, as both Activision Blizzard and Microsoft have been asked to present additional information and documents at the beginning of March. It is checked whether Microsoft consequently does not have a monopoly in its industry. Shortly after the discovery of the deal, as a result, the US government has adapted the merger guidelines .
However, Activision Blizzard further assumes that the takeover will be completed as planned in June 2023. Most investors will probably agree to takeover, alone because they would lose a lot of money with a failure. How would you vote as an investor?
Source | MASSIVELYOP, GAMESIndustry
To home page
Leave a Reply