What Will Activision Shareholders Get?
Activision Blizzard, a leading video game company, has announced that Microsoft will acquire the company in an all-cash deal worth $95.00 per share. This news has sent shockwaves through the gaming industry, leaving many wondering what Activision shareholders can expect.
Direct Answer: $95.00 per Share
The short and simple answer is that Activision shareholders will receive $95.00 per share in exchange for their existing shares. This is a significant sum, considering the company’s market capitalization of around $68.7 billion.
How Much Will Microsoft Pay per Share?
Microsoft’s acquisition price of $95.00 per share is a bold move, indicating the company’s confidence in Activision’s potential. This figure is significantly higher than Activision’s previous stock price, which had been fluctuating around $50-$60 per share.
What Happens to Activision Stock After the Acquisition?
Once the acquisition is complete, Activision’s stock will cease to trade on the Nasdaq Exchange. The company’s shares will be delisted, and Microsoft will assume full ownership.
Timeline of the Acquisition
Here is a breakdown of the key dates:
- October 12, 2023: Trading of Activision shares will cease on the Nasdaq Exchange.
- October 13, 2023: Microsoft will complete its acquisition of Activision Blizzard.
- Post-acquisition: Microsoft will assume full ownership and control of Activision’s assets, including its beloved gaming franchises such as Call of Duty, Overwatch, and Diablo.
Dividend Payments
Activision Blizzard pays a dividend 1 times a year in August. After the acquisition, Microsoft will likely re-evaluate the company’s dividend policy. It is unclear whether the dividend payment schedule will change or if Microsoft will introduce a new dividend policy.
Activision’s Analyst Rating Consensus
Activision Blizzard’s analyst rating consensus is a Hold, with the highest price target at $96.00 and the lowest forecast at $90.00. This indicates that analysts have mixed expectations for the company’s future performance.
Why Would Microsoft Acquire Activision?
Microsoft’s acquisition of Activision Blizzard aims to bolster its Xbox Game Pass subscription service by adding iconic gaming franchises to its portfolio. The deal also provides Microsoft with a foothold in the mobile gaming market, as Activision has a strong presence on mobile devices.
Did Activision Stock Split?
Yes, Activision Blizzard announced a two-for-one stock split in [insert date]. This move aimed to increase the liquidity of the company’s shares and make it more accessible to a broader range of investors.
How Many Shares Will Activision Distribute?
After the stock split, there are approximately 1.3 billion shares of Activision Blizzard’s common stock issued and outstanding.
Dividend Calendar
Here is a breakdown of Activision Blizzard’s dividend calendar:
| Month | Dividend Payment |
|---|---|
| August | Yes |
Conclusion
In conclusion, Activision shareholders can expect to receive $95.00 per share in exchange for their existing shares. The company’s stock will cease to trade on the Nasdaq Exchange, and Microsoft will assume full ownership. While the dividend payment schedule may change, the acquisition presents a significant opportunity for investors to benefit from Microsoft’s expertise and resources. As the gaming industry continues to evolve, Activision’s iconic franchises are poised to thrive under Microsoft’s ownership.