Activision Blizzard: Shareholders should agree to takeover
In the coming month, the shareholders of Activision Blizzard will decide on the purchase by Microsoft. For this case, there will be a virtual event on April 28, while the shareholders can vote for the 68.7 billion heavy deal.
Although the vote is not mandatory, however, Activision Blizzard requires a majority so that it is even the planned takeover.
Every investor, who stays away from the event, or contains his voice, would have to be considered as a counter-vote. Therefore, Activision also emphasizes the importance of voting. It is “advisable and in the best interest of Activision Blizzard and its shareholders” to sell Microsoft.
If the acquisition planned for June 30, 2023 actually completed successfully, Activision Blizzard would no longer be considered publicly traded companies and disappear from the NASDAQ. Shareholders then have the opportunity to convert their shares and received 95 dollars per share in return.
Based on the publisher, you do not expect any comparable and acceptable range from other buyers, you will also warn the investors from a failure of the sale. You go from a “significant burglary” of the stock prices. Certainly, “are also to be expected consequences for forecasts and operational business”. The option for equity conversion also escapes.
The contracts continue to include correspondingly high conventional penalties. For Activision then 2.27 billion dollars are due. In the opposite case, Microsoft would have to pay a non-precisely named sum between 2 and 3 billion numbers.
The business will not be handled without significant noise. Currently there are three major shareholders – with close connections to CEO Bobby Kotick – under observation, which have bought for a total of $ 108 million shares. It was noticeable that the purchase was only four days before publication by Microsoft.
Although both Microsoft, as well as Activision emphasize close cooperation with all institutions, the US cartel authority FTC has requested further documents and information after several organizations had urged to examine the case closely.
The fact that Activision Blizzard is currently following eight lawsuits – referring to the takeover – on which shaky legs of the deal is still available to the takeover. We already reported one of these complaints filed by Kyle Watson. Among other things, it is about payments to the directors of Activision, if the sale takes place.
Rarely has the sale of a company in the game industry took care of so much. Whether there is a continuation and you at least receive the approval of the shareholders, you are expected to experience on May 4th. For this day, the announcement of the result was announced.