Matt Martin
20:59 (BST)
08/07/2008
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Activision shareholders approve Vivendi merger
Activision has announced that its shareholders have approved the merger with Vivendi games.
More than 92 per cent of the shareholders voted in favour at a special meeting held today, and the merger is expected to be complete tomorrow, July 9.
On completion, Vivendi Games will become a wholly-owned subsidiary of Activision, and Vivendi will receive approximately 295.3 million newly issued shares of Activision common stock.
In turn, Vivendi will purchase approximately 62.9 million newly issued shares of Activision common stock at USD 27.50 per share, totalling approximately USD 1.7 billion in cash. Vivendi will then own approximately 52 per cent of the newly formed company, Activision Blizzard.
The merger was first announced back in December.
The company know boasts a portfolio bursting with some of the strongest franchises in videogames including World of Warcraft, StarCraft, Diablo, Guitar Hero, Call of Duty and Tony Hawk.
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