BENGALURU (Reuters) – Video game maker Activision Blizzard said on Thursday that its shareholders had approved Microsoft’s $68.7 billion takeover bid.
More than 98% of votes at a special meeting were in favor of the transaction, the maker of “Call of Duty” said.
Microsoft said in January it had agreed to buy Activision Blizzard at $95 a share, in the biggest deal in the gaming industry’s history, as global tech giants look to a virtual future.
Activision, which is facing criticism for its response to allegations of internal sexual harassment and discrimination against female employees, on Monday lowered estimates for adjusted first-quarter sales as demand for its latest title “Call of Duty: Vanguard”.
