A buyout is not done in a snap. Especially when it comes to astronomical sums like now. In any case, a new step has just been taken for the takeover of Activision Blizzard by Microsoft. Explanations.
As you can probably imagine, buying a business is a long and winding road. So last January we learned that Microsoft had the firm intention to buy Activision Blizzard and all the studios for a total of 68.7 billion dollars. A sum. Quite a sum.
A positive signal for the takeover of Activision Blizzard by Microsoft
To carry out such a takeover, there are several steps to follow and one of them quite important has just been reached: The agreement of the shareholders. Thus, the said shareholders approved almost unanimously (98%) the takeover of Activision Blizzard by Microsoft. For financial details, we also learn that an action will be worth 95 dollars when the acquisition is confirmed. Currently the action is given at 76 dollars.
Still some doubts
The takeover therefore continues its journey quietly. If this is a very good signal for Microsoft, this does not mean that the Champagne can be slashed quietly since the road is still a bit long. According to journalist Jason Schreier, there are still some uncertainties about the takeover, in particular because of the American FTF (Federal Trade Commission), which is watching the grain. Especially in its antitrust policy.
Business to follow therefore for Microsoft. But it had to be suspected, everything is not as simple as what an ad can sometimes suggest. And the larger the sums, the more the official bodies have a watchful eye. We have also seen this recently with the (potential) announcement of the takeover of Twitter by Elon Musk.