Trending

Filed under: News | Misc

 

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

1 Updates
Activision Blizzard to Buy Out Vivendi for $8.2 Billion
 
 

YouTube Videos Comments

Full Story

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.

 

You Might Also Like

Updates


Sponsored Update


Advertisement


More From the Web

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
Sumayah Aamir (Google+) has deep experience in analyzing the latest technology trends.

 

 

Comments

blog comments powered by Disqus

Latest stories

Al-Qaida Militants Killed Soldiers in Algeria
Al-Qaida Militants Killed Soldiers in Algeria
Al-Qaida militants killed 14 Algerian soldiers on Saturday night in an ambush.
 
 
Judy Greer Celebrates her Planet of the Apes Wedding
Judy Greer Celebrates her Planet of the Apes Wedding
Judy Greer celebrated her Planet of the Apes-themed wedding. She is to appear in Dawn of the Planet of the Apes soon.
 
 
Emotient&#039;s Sentiment Analysis app.for Google Glass
Emotient's Sentiment Analysis app for Google Glass
The app lets you know what people around you are feeling
 
 
Retirement Plans that get translated into Reality
Retirement Plans: Tips for Choosing a Retirement Plan
When a middle aged couple makes retirement plans, they want to make sure that they get translated into reality. That is exactly what this article will allow you to accomplish.
 
 
 

The Hottest Photos of Victoria's Secret Fashion Show 2013