Activision Blizzard Shareholders , Vote in Favor of Microsoft’s, $68.7 Billion Takeover Bid.<br />Activision Blizzard Shareholders , Vote in Favor of Microsoft’s, $68.7 Billion Takeover Bid.<br />Engadget reports that on April 28, over 98% <br />of shareholders approved of the merger.<br />Activision's board of directors advised shareholders to vote in favor of the acquisition because it unanimously agreed the move was best for all parties.<br />Engadget reports that if the majority of shareholders had not approved of the merger, the deal would not have been able to move forward.<br />Engadget reports that if the majority of shareholders had not approved of the merger, the deal would not have been able to move forward.<br />The Federal Trade Commission (FTC) <br />is currently reviewing the deal.<br />According to an SEC filing, the companies are also seeking regulatory approval from the UK, EU, China and other jurisdictions. .<br />According to an SEC filing, the companies are also seeking regulatory approval from the UK, EU, China and other jurisdictions. .<br />If all goes well, the deal is <br />expected to close by June 2023.<br />Aside from antitrust concerns, there are other issues that may affect the merger.<br />such as the fact that Activision has been hit with lawsuits pertaining to workplace harassment and discrimination.<br />Also, Engadget reports that QA workers at <br />Raven Software, Activision's studio, <br />are about to hold a union election
