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Wednesday, 09 July 2008 12:33

Activision and Vivendi to merge

Written by Nedim Hadzic

ImageImage

Shareholders approved

 

Activision’s shareholders have approved the Activision-Vivendi merger by 92% approval margin. This $18.9 billion merger is expected to wrap up on July 9th, and the new venture will be called Activision Blizzard.

Vivendi Games’ stock will be converted into 295.3 million shares of Activision stock, and Vivendi SA will purchase additional 62.9 million shares at $27.50 each. That purchase will give Vivendi SA controlling stake in Activision Blizzard.

Still, it’s rumored that Activision’s CEO Robert Kotick will retain his position as group CEO and President, whereas Bruce Hack, Vivendi Games chief, will be appointed as chief corporate officer and vice chairman.

More here.

Last modified on Wednesday, 09 July 2008 12:47
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