Microsoft still has many hurdles to clear in order for its planned acquisition of Activision Blizzard to succeed, but it has already been announced that at least one hurdle has been cleared.Activision Blizzard shareholders held a special meeting today to vote to approve the Microsoft acquisition, with an overwhelming majority, 98 percent, in favor of the deal.Business Wire has learned that Activision Blizzard shareholders will receive $95 per share, and the deal is expected to take place at the end of Microsoft's fiscal year in June 2023.Of course, this is subject to possible regulatory scrutiny, as the Activision Blizzard shareholder vote is just one step Microsoft needs to overcome on the way to closing the deal.For example, the Federal Trade Commission (FTC) investigation into the acquisition is still ongoing, and the organization is scrutinizing the deal to see if it poses risks to the gaming industry amid growing concerns about consolidation.Several influential organizations recently sent a letter to the FTC outlining key issues that need to be investigated, so Microsoft's acquisition is far from over.
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