Activision Blizzard Shareholders Approve $68.7 Billion Microsoft Deal

More than 98% of the shares voted at a special meeting held earlier in the day were in favor of the proposed transaction.

Videogame publisher Activision Blizzard Inc said on Thursday that its shareholders approved Microsoft Corp's $68.7 billion proposal to buy the "Call of Duty" maker.

More than 98% of the shares voted at a special meeting held earlier in the day were in favor of the proposed transaction, the Santa Monica, California-based company said.

Microsoft said in January it had agreed to acquire Activision Blizzard for $95 per share in the biggest gaming industry deal in history as global technology giants stake their claims to a virtual future.