Monday, October 14, 2013

Activision Blizzard Completes Split From Vivendi

Santa Monica-based videogame developer Activision Blizzard said late Friday that it has completed its acquisition of its shares from Vivendi, in a deal worth approximately $5.83 billion. The company said it paid $13.60 per share in cash from Vivendi. The deal once again makes Activision Blizzard a fully independent company. The investor group which led the acquisition was led by Activision Blizzard CEO Bobby Kotick and Chairman Brian Kelly, as well as Davis Advisors, Leonard Green & Partners, L.P., Tencent, and an un-named institutional investor.

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