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Activision Blizzard Shareholders Approve $68.7 Bln Microsoft Deal

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Activision Blizzard Shareholders Approve $68.7 Bln Microsoft Deal

Thursday, 28 April, 2022 - 17:00
The Activision Blizzard Booth is shown on June 13, 2013, during the Electronic Entertainment Expo in Los Angeles. (AP)

Videogame publisher Activision Blizzard Inc said on Thursday that its shareholders approved Microsoft Corp's $68.7 billion proposal to buy the "Call of Duty" maker.


More than 98% of the shares voted at a special meeting held earlier in the day were in favor of the proposed transaction, the Santa Monica, California-based company said.


Microsoft said in January it had agreed to acquire Activision Blizzard for $95 per share in the biggest gaming industry deal in history as global technology giants stake their claims to a virtual future.


Activision, which is facing backlash over its response to allegations of internal sexual harassment and discrimination against female employees, missed estimates for first-quarter adjusted sales on Monday, hit by low demand for its latest title "Call of Duty: Vanguard".


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