More than 98% of Activision's stockholders voted for the merger.
Activision Blizzard announced that the majority of its stockholders approved Microsoft's proposal to acquire the company. According to the announcement, more than 98% of the shareholders voted in favor of the largest acquisition in the gaming industry’s history.
In case you missed it, back in January, Microsoft announced the decision to acquire Activision Blizzard for $68.7 billion. Microsoft noted that it would become the "third-largest gaming company by revenue, behind Tencent and Sony" when the deal is closed.
"Today’s overwhelmingly supportive vote by our stockholders confirms our shared belief that, combined with Microsoft, we will be even better positioned to create great value for our players, even greater opportunities for our employees, and to continue our focus on becoming an inspiring example of a welcoming, respectful, and inclusive workplace," said Bobby Kotick, CEO, Activision Blizzard.