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Activision, Vivendi Games to merge today

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Posted July 9, 2008 by admin in News

Publisher Activision today announced that its merger with Blizzard Entertainment parent company Vivendi Games has been approved by shareholders, and the transaction is expected to officially close tomorrow, July 9.

As per the terms of the merger, Vivendi Games will become a wholly-owned subsidiary of Activision, and receive approximately 295.3M shares of Activision stock. Vivendi will also purchase nearly 63 million shares of stock at a total value of $1.7B, making Vivendi’s ownership stake in the newly created Activision Blizzard around 52%.

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