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21 Noiembrie 2008 |
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It's official: Activision Blizzard Approved
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Posted by moSSad [Wednesday, 09 July 2008 - 16:31]
 0 comments
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Activision's shareholders were more than happy to approve the merge with Vivendi Games.
Vivendi's ones were already happy, so, the industry's got a new player: Activision Blizzard.
For the CEO guys among us, the press release is below:
Activision Stockholders Approve Combination with Vivendi Games
SANTA MONICA, Calif., Jul 08, 2008 (BUSINESS WIRE) -- Activision, Inc.
(Nasdaq: ATVI) today announced that, at a special meeting of
stockholders held earlier today, it received the stockholder approval
necessary to consummate the company's agreement with Vivendi, S.A. to
combine Vivendi Games, Vivendi's interactive entertainment business,
with Activision's businesses. All of the proposals required to effect
the transaction received more than 92 percent of the shares voted. The
transaction is expected to close on or around July 9, 2008.
Activision and Vivendi Games will combine their businesses through the
merger of a newly formed, wholly-owned subsidiary of Activision with
and into Vivendi Games. As a result of the merger, Vivendi Games, the
parent company of Blizzard Entertainment and Sierra, will become a
wholly-owned subsidiary of Activision. Vivendi will receive
approximately 295.3 million newly issued shares of Activision common
stock. Concurrently with the merger, Vivendi will purchase
approximately 62.9 million newly issued shares of Activision common
stock at a price of $27.50 per share for a total of approximately $1.7
billion in cash, resulting in a total Vivendi ownership stake in
Activision Blizzard of approximately 52% on a fully diluted basis and
approximately 54% of shares outstanding. As of the closing of the
transaction, Activision will be renamed Activision Blizzard and will
continue to operate as a public company traded on NASDAQ under the
ticker ATVI.
Headquartered in Santa Monica, California, Activision Blizzard, Inc. is
a worldwide pure-play online and console game publisher with leading
market positions across all categories of the rapidly growing
interactive entertainment software industry.
Activision Blizzard maintains operations in the U.S., Canada, the
United Kingdom, France, Germany, Ireland, Italy, Sweden, Spain, Norway,
Denmark, the Netherlands, Romania, Australia, Chile, India, Japan
China, the region of Taiwan and South Korea. More information about
Activision Blizzard and its products can be found on the company's
website, www.activisionblizzard.com.
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