Activision’s booth is shown at E3 2017 Electronic Entertainment Expo in Los Angeles, California, United States, June 13, 2017. REUTERS/Mike Blake/File Photo
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April 28 (Reuters) – Video game publisher Activision Blizzard Inc (ATVI.O) said Thursday that its shareholders had approved Microsoft Corp’s $68.7 billion proposal to buy the Call of Duty maker.
More than 98% of shares voted in favor of the proposed transaction at a special meeting earlier in the day, the Santa Monica, California-based company said.
Microsoft said in January it had agreed to acquire Activision Blizzard for $95 a share in the games industry’s biggest deal in history, as global tech giants stake their claims on a virtual future. Continue reading
Activision, which has faced backlash over its response to allegations of internal sexual harassment and discrimination against female employees, missed adjusted first-quarter sales estimates on Monday, buoyed by weak demand for its latest title, Call of Duty : Vanguard” was hit. Continue reading
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Reporting by Tiyashi Datta in Bengaluru; Edited by Sriraj Kalluvila
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