Activision Blizzard shareholders approve Microsoft acquisitions, but this is not a complete deal

Activision Blizzard’s shareholders have overwhelmingly accepted Microsoft’s offer to buy the company for $ 95 per share. shares. As Bloomberg points out, however, the vote does not mean the acquisition is a complete deal, and Wall Street audiences are not entirely convinced it will happen.

If big investors thought that was a sure thing, you would expect them to buy Activision Blizzard shares at a price below $ 95, as that’s what Microsoft’s going to pay for them – it’s like buying a dollar for less than a dollar. Even if you only get a tiny discount, you might as well take the deal. However, Activision Blizzard shares currently cost $ 77. This is a large discount, which indicates low confidence that the acquisition of $ 95 per. share will actually happen.