Activision Blizzard Remains Committed to Transaction with Vivendi
Activision Blizzard, Inc. (NASDAQ: ATVI) announced today that the Delaware Chancery Court, in Hayes v.
Activision Blizzard, Inc., preliminarily enjoined the previously
announced concurrent transactions between the Company and ASAC II LP, on
the one hand, and Vivendi, S.A., on the other hand, halting the closing
of the transaction unless the injunction is modified on appeal or the
transaction is approved by a stockholder vote of the non-Vivendi
Activision Blizzard remains committed to the transaction and is
exploring the steps it will take to complete the transaction as
expeditiously as possible.
Under the terms of the transaction, the Company will acquire