What Happens to My Activision Stock After Merger?
Activision Blizzard, a leading video game developer and publisher, has been acquired by Microsoft for a whopping $68.7 billion. As a result, shareholders are wondering what will happen to their Activision stock after the merger. In this article, we’ll provide a comprehensive overview of what to expect.
Direct Answer
Each of your Activision Blizzard shares will be exchanged for $95.00 per share. This cash will be deposited into your Cash App balance. You will no longer own an interest in Activision Blizzard or their acquirer, Microsoft.
Understanding the Merger
On January 18, 2022, Microsoft announced its intent to acquire Activision Blizzard for $68.7 billion. The acquisition was completed on March 6, 2023. The deal is a massive one, making it the largest acquisition in Microsoft’s history.
What You Need to Know
Here are some key points to keep in mind:
• Cash Payment: Each Activision Blizzard share will be exchanged for $95.00 per share in cash.
• No Interest in Activision: You will no longer own an interest in Activision Blizzard or their acquirer, Microsoft.
• Cash App Balance: The cash payment will be deposited into your Cash App balance.
• No Action Required: No action is required on your part, as the merger will be handled automatically.
Will Activision Stock Split?
Press Release Details announced that the company’s common stock will begin trading today on a split-adjusted basis. This means that the stock will be split into two shares, effectively increasing the number of outstanding shares.
Why Did Microsoft Buy Activision?
By buying Activision, Microsoft gains access to highly popular games that will help the company continue its expansion into gaming – on its consoles and in the cloud. Some of the most popular games owned by Activision include Call of Duty, Crash Bandicoot, Diablo, Overwatch, StarCraft, Tony Hawk Pro Skater, and Warcraft.
Why Is This Acquisition Significant?
This acquisition is significant for several reasons:
• Gaming Industry Growth: The gaming industry is expected to continue growing, with the global market size projected to reach $190 billion by 2025.
• Increased Market Share: With Activision under its belt, Microsoft will gain a significant market share in the gaming industry.
• New Opportunities: The acquisition will create new opportunities for Microsoft to expand its gaming offerings and create new content.
Conclusion
The acquisition of Activision Blizzard by Microsoft is a significant event that will have a lasting impact on the gaming industry. As a shareholder, you can expect a cash payment of $95.00 per share, which will be deposited into your Cash App balance. No action is required on your part, as the merger will be handled automatically. With this acquisition, Microsoft gains access to a portfolio of popular games that will help the company continue its expansion into gaming.