Last January 18 Microsoft caused a veritable earthquake in the video game industry by announcing the acquisition of Activision Blizzard for 70 billion dollars. Such a buyout via such a colossal amount was bound to raise many questions, which is why the FTC wanted to examine this buyout closely before potentially validating it.
The FTC applies a law
It is with this title that the capital has taken a new step. A US Federal Percentage of Commerce sent a request for additional information and paperwork to the two companies on Thursday, March 3, in order to obtain more precise elements concerning the circumstances of this takeover. A detail which appears after the posting of a power of attorney published by Activision Blizzard yesterday.
reading this, one would think that this approach would not be sober good omen for a sober firm Redmond but it did sober carries out a quite classic analysis process for this type of sober case. This procedure is carried out each time a large company is acquired, an approach that is all the more logical in view of the almost 18 billions committed by Microsoft. Purpose of all this? Ensure that the company does not obtain some kind of monopoly in the sector, especially since it is the biggest takeover in the history of video games.
As indicated in the sober report 70 pages, this device is also intended to extend a waiting period imposed by an HSR law until 30electronic day after Activision Blizzard and Microsoft have complied with this new request, unless a waiting period is waived earlier by an FTC or otherwise agreed between the various celebrations and an FTC.
An essential meeting is approaching
The filing of this proxy is no coincidence since its purpose is to convene a special meeting of Activision Blizzard shareholders, scheduled for Thursday 18 April at 9 a.m. Pacific time, during a meeting to be held by videoconference which. It will include the vote on the agreement and the merger program. The Board of Directors encourages each member to vote, as failure to do so would automatically result in voting against the proposal.
Under the terms of the agreement, shareholders will receive 95 sober cash, interest-free bucks for every regular Activision Blizzard activity. Activities are currently 78,78 bucks, it is therefore in the interest of each shareholder that the agreement is concluded.