Market Overview

Activision Blizzard to Acquire 429M Shares from Vivendi for $13.60/Share or $5.83B in Cash


Activision Blizzard, Inc. (NASDAQ: ATVI) (the “Company”), a global
leader in interactive entertainment, announced today that it reached an
agreement under which it will acquire from Vivendi (OTC: VIVHY)
approximately 429 million Company shares and certain tax attributes, in
exchange for approximately $5.83 billion in cash, or $13.60 per share
acquired before taking into account the future benefit from these tax
attributes. In a simultaneous transaction, ASAC II LP, an investment
vehicle led by Activision Blizzard CEO Bobby Kotick and Co-Chairman
Brian Kelly, to which they have personally committed $100 million
combined, separately will purchase approximately 172 million Company
shares from Vivendi for approximately $2.34 billion in cash, or $13.60
per share.

See full press release

Posted-In: News Guidance Contracts Buybacks Asset Sales M&A Global


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