Sunday, April 26, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
LG Display Leads The OLED Market
China Telecom To Sell Phones With Alibaba
SK Hynix To Start Production Of 36-Layer 3D NAND Flash Chips
Apple Watch Available In Select Stores
Comcast Abandons Time Warner Cable Acquisition Bid
Luxottica To Release Hi-tech Glasses Powered By Intel
Toshiba Starts Mass Production of 13 Megapixel CMOS Image Sensor
ARM Details New Cortex-A72 Processor
Active Discussions
menu making
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Question about nero
Copied dvd's say blank in computer only
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Court H...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, September 19, 2013
Court Halts Activision Deal With Vivendi


The divestment of the majority of Vivendi's interest in Activision Blizzard is being delayed by a U.S. court decision.

Vivendi said in July it had agreed to sell most of its stake in Activision for $8.2 billion, paving the way for a broader split of the French conglomerate's media and telecoms assets.

An alleged shareholder of Activision Blizzard filed last week a lawsuit in the United States against Activision Blizzard, Vivendi and ASAC II LP, a consortium of investors including the Activision Blizzard CEO Bobby Kotick and Co-Chairman Brian Kelly.

The plaintiff claims that the transactions were required to be submitted to a vote of stockholders of Activision Blizzard and therefore seeks to prevent consummation of the transactions.

At a hearing today, the Delaware Court of Chancery granted the plaintiff's request, issuing an order which precludes the consummation of the transactions unless the order is modified on appeal or the transaction is approved by a Activision Blizzard stockholder vote.

Vivendi and Activision Blizzard said they remained committed to a swift conclusion of the transaction and are considering all options with their lawyers in light of the Court's order.


Previous
Next
Intel, AMD And Nvidia Release New Graphics Drivers        All News        Lenovo Teams With Acronis On Data Backup Protection Solutions
Microsoft Says More ARM Tablets Coming, Hints at Office for iPad and Android Tablets     General Computing News      Search Engines Encouraging Online Content Infringement: MPAA

Get RSS feed Easy Print E-Mail this Message

Related News
Call of Duty: Advanced Warfare is the Biggest Entertainment Launch of 2014
CoD: Advanced Warfare Collector's Editions Announced
Call of Duty: Ghosts Launched
Activision,Vivendi Deall Completed
Call of Duty: Black Ops II Grosses $1B in 5 Days
Call Of Duty: Black Ops II Sales Exceed $500 Million
Call of Duty: Black Ops II Now Available Worldwide
Activision Settles Suit With Game Developers
Call of Duty: Modern Warfare 3 Sets All-Time Record for the Game Launch
Activision Ends Guitar Hero Franchise
Call of Duty: Black Ops Surpasses $1 Billion in Sales Worldwide
Aerosmith "Guitar Hero" AVailable

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .