Activision shareholders approve sale to Microsoft

Activision Blizzard Inc. stockholders representing over 98% of the company's shares voted in favor of Microsoft Corp.'s planned acquisition of the game developer in an April 28 special meeting.

The $68.7 billion transaction remains subject to the completion of regulatory review and other customary closing conditions, a news release said.

In mid-January, Microsoft agreed to acquire Activision Blizzard for $95.00 per share in cash, making it Microsoft's largest acquisition ever by value. Deal completion is expected in Microsoft's fiscal year ending June 30, 2023.