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Activision Blizzard to Buy Out Vivendi for $8.2 Billion

The gaming behemoth, Activision Blizzard made an announcement to buy its stakes back from company's majority shareholder Vivendi. It is a $8.2 billion buy out deal that will make Activision Blizzard independent again by holding 88% shares.

Jul 26 2013, 3:26am CDT | by

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Activision Blizzard to Buy Out Vivendi for $8.2 Billion
 
 

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Activision Blizzard to Buy Out Vivendi for $8.2 Billion

After Activision Blizzard finishes acquiring the shares of Vivendi, the latter will be left with only 83 million shares which are just 12% of the company. Approximately 429 million shares will be re-acquired from Vivendi for a cash amount of $5.83 billion. At the same time, an investment scheme to which the CEO and Co-Chairman of Activision Blizzard will take back 172 million more shares from Vivendi at an amount of $2.34 billion approximately. Hence the total buy out deal will cost Activision Blizzard $8.2 billion to lead the company by becoming majority (88%) share holder.

These economic steps needed to be taken by Activision Blizzard to establish itself as a viable independent company. The CEO will serve as the head of the company while the Co-Chairman will become the new Chairman. This is a lucky chance for Activision Blizzard as well as Vivendi to prove their mettle as the world’s top entertainment setups. The company will still have $3 billion in funds for any hard times that lie ahead. What happened was that Activision merged with Blizzard Entertainment about half a decade ago and things picked up pace.

Games such as Call of Duty: Ghosts and World of Warcraft are just an example of wonderful stuff created for the consumption of the public. People cherished the delightful games that this company churned out on a regular basis. The business transaction was carried out thanks to pecuniary support from the Bank of America, Merrill Lynch and J.P. Morgan. Vivendi still owns 12% of Activision. The hope is that with this economic reshuffling, the gaming company will become even more robust. The exchange left all the participants as potential winners. Activision has simply re-purchased its stakes from Vivendi and is heading out towards greener pastures.

 

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<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
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