REPORT - Activision Blizzard separates from Vivendi in deal worth $8.2B
Activision Blizzard is breaking away from French parent company Vivendi Universal, buying itself back in a two-part share acquisition for $8.17 billion, the company announced today.
As part of the deal, Activision will buy back approximately 429 million shares from Vivendi for $5.83 billion. At the same time, a group of investors called ASAC II — headed by Activision Blizzard CEO Bobby Kotick and co-chairman Brian Kelly — will purchase approximately 172 million Activision Blizzard shares from Vivendi for $2.34 billion.
Full report here
As part of the deal, Activision will buy back approximately 429 million shares from Vivendi for $5.83 billion. At the same time, a group of investors called ASAC II — headed by Activision Blizzard CEO Bobby Kotick and co-chairman Brian Kelly — will purchase approximately 172 million Activision Blizzard shares from Vivendi for $2.34 billion.
Full report here
Related Posts:
- Activision Blizzard used to be owned by media giant Vivendi. - kotaku
- Activision Blizzard splits from Vivendi in $8.2 Billion Deal - giantbomb
- Activision Buys Back $5.83 Billion Stake from Vivendi - IGN
