Stock Groups

Activision Blizzard shareholders approve $68.7 billion Microsoft deal -Breaking

[ad_1]

© Reuters. FILE PHOTO – The Activision booth was shown at E3 2017, Electronic Entertainment Expo, Los Angeles, California. It took place on June 13, 2017. REUTERS/ Mike Blake/File Photograph

(Reuters) – Activision Blizzard Inc, a videogame publisher (NASDAQ:), announced Thursday that it had received approval from its shareholders Microsoft Corp (NASDAQ:) A $68.7 Billion proposal by the American Stock Exchange to purchase “Call of Duty”.

The Santa Monica-based company stated that more than 98% of shares voting at the special meeting earlier in the day were for the transaction.

Microsoft announced in January that it would acquire Activision Blizzard at $95 per share. This is the largest gaming industry transaction in history, as technology titans stake claim to a future in virtual reality.

Activision is currently facing criticism for how it responded to accusations of sexual harassment of female employees and discrimination. Activision missed Monday’s estimates of first quarter adjusted sales. This was due to low demand for the latest title, “Call of Duty: Vanguard”.

[ad_2]