The shareholders of Activision Blizzard voted in favor of the $68.7 billion takeover deal by Microsoft as more than 98% of the shares that voted at a special meeting on Thursday approved of this merger. Although the company did say that this was a nonbinding advisory, the deal would not have moved forward without the majority of the shareholders giving it the green light. And it seems like they have.
This merger is not finalized, and it could still collapse at the last minute as the Federal Trade Commission is still reviewing the deal. But it seems like this deal might pull through. And if it does happen, it will happen by June 23rd.
Microsoft and Activision Blizzard also will have to get regulatory approval from the United Kingdom and the EU, China, and other jurisdictions, according to the SEC filing.
