Thursday, March 28, 2024
Search
  
Saturday, October 12, 2013
 Activision,Vivendi Deall Completed
You are sending an email that contains the article
and a private message for your recipient(s).
Your Name:
Your e-mail: * Required!
Recipient (e-mail): *
Subject: *
Introductory Message:
HTML/Text
(Photo: Yes/No)
(At the moment, only Text is allowed...)
 
Message Text: Activision Blizzard and a group led by Chief Executive Officer Bobby Kotick completed their $8.2 billion buyout of most of the stake held by Vivendi SA.

The video game publisher bought back $5.83 billion of stock from Vivendi, and Kotick and his partners paid $2.34 billion, according to a statement on Friday.

Activision gains the freedom to consider acquisitions and growth opportunities without the uncertainty of a struggling parent. The buyout came a day after the Delaware Supreme Court said a shareholder vote on the transaction wasn't required.

A Delaware Chancery Court judge had blocked the purchase of Vivendi's stock after a shareholder sued, arguing the transaction would allow Kotick's group to exercise control over the company without approval by a majority vote of investors outside Vivendi.

"We expect immediate shareholder benefits in the form of earnings-per-share accretion and strategic and operational independence," Kotick said in the statement.


 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2024 - All rights reserved -
Privacy policy - Contact Us .