Activision Blizzard shareholders approve Microsoft buyout, but it’s not a done deal

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Activision Blizzard’s shareholders have overwhelmingly accredited Microsoft’s provide to purchase the corporate for $95 a share. As Bloomberg factors out, nevertheless, the vote doesn’t suggest that the acquisition is a performed deal, and the Wall Road crowd is not absolutely satisfied it is going to occur. 

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If large traders believed it have been a positive factor, you’d count on them to purchase up Activision Blizzard shares at any value under $95, since that is what Microsoft goes to pay for them—it is like shopping for a greenback for lower than a greenback. Even should you’re solely getting a tiny low cost, chances are you’ll as nicely take the deal. Activision Blizzard shares are at the moment going for $77, nevertheless. That is an enormous low cost, suggesting low confidence that the $95 per share buyout will really occur.

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