Activision Blizzard says completed transaction with Microsoft

In a regulatory filing, Activision Blizzard (ATVI) stated that on October 13, the company completed the previously announced transaction with Microsoft (MSFT), pursuant to the agreement and plan of merger, dated as of January 18, 2022, as amended, supplemented or otherwise modified from time to time. Pursuant to the merger agreement, each of the company’s issued and outstanding shares of common stock was cancelled and automatically converted into the right to receive $95.00 in cash, without interest. In connection with the consummation of the merger, on the closing date, the company notified Nasdaq that the merger had been consummated and that each issued and outstanding share had been converted into the right to receive the merger consideration, without interest. The company requested that Nasdaq halt trading of the shares on Nasdaq prior to the open of trading on the closing date, withdraw the shares from listing on Nasdaq and file with the U.S. Securities and Exchange Commission a Notification of Removal from Listing and/or Registration under Section 12(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), on Form 25 to report that the Shares are no longer listed on Nasdaq and to apply for the deregistration of the Shares under Section 12(b) of the Exchange Act. As a result, the shares, which previously traded under the symbol “ATVI”, will no longer be listed on Nasdaq.