News business Xbox: the acquisition of Activision (Call of Duty) by Microsoft takes an important step!
Published on 04/25/2022 at 17:55
On January 18, Microsoft announced its intention to buy the American giant Activision for a monumental sum. Inevitably, such a takeover was not going to be done in a snap of the fingers and it takes some time for the acquisition process to come to an end. Three months later, it is progressing well and has even just reached an important stage, following the meeting of the boards of directors of the two companies.
Summary
- Activision and Microsoft await shareholder verdict
- The takeover approved by both parties
Activision and Microsoft await shareholder verdict
Obviously, all of the steps related to the acquisition of the American publisher will not be settled in the coming weeks, but things are gradually falling into place so that this transaction does indeed end up being successful. Starting this week, the takeover orchestrated by Microsoft will take a new turn since next Thursday, April 28 from 6 p.m., precisely, Activision shareholders will have the difficult task of voting, or not, in favor of the offer made by the Redmond firm.
For some time now, the period of financial commentary from the various companies in the video game sector has been in full swing, and, most recently, Activision communicated on its latest results. Without going into detail, or dwelling at length on the subject of its performance, the publisher nevertheless slipped in a very interesting little piece of information regarding its takeover by Microsoft.
The takeover approved by both parties
In order not to interfere with the ongoing actions around this hot topic of its potential purchase by the Redmond firm, the publisher evaded questions from its investors but wanted to counterbalance this silence by sharing a capital announcement in the implementation of this takeover which should be completed by the end of Microsoft’s fiscal year ending on June 30, 2023, i.e. within the next twelve months.
Certainly, shareholders will be invited to vote this week, but on the side of the boards of directors of Activision Blizzard and Microsoft, we seem on the same wavelength. Indeed, the two parties have both approved the transaction, while waiting for the regulatory authorities to conclude the study of the latter.. At the moment, specific details are being carefully scrutinized, including ” the two companies’ access to developer consumer and labor market data, as well as the settlement’s impact on workers who have accused Activision of discrimination and hostility in the workplace “. In itself, a new step taken while waiting for the results of the shareholders’ vote!
Par JinxebWriting jeuxvideo.com
MP