Activision suits greenlight Vivendi merger
Super-company to form today.
Activision has revealed that its shareholders are fully behind the big-money merger with Vivendi games.
Over 92 per cent of the suits nodded their heads to the proposal, and the super-company is expected to form sometime today under the name Activision Blizzard.
When that happens, Vivendi Games will becoming a wholly-owned subsidiary of Activision and get 295.3 million newly issued shares to play around with. Presumably those 8 per cent of grumblers will get theirs last and with chewing-gum on.
Vivendi Games will also grab around 62.9 million newly issued shares of Activision stock, which adds up to about USD 1.7 billion in cash and fractionally over half of the total Activision Blizzard ownership pie.
The merger was first announced back in December and will go on to boast some of the biggest games in the industry: World of Warcraft, StarCraft, Diablo, Guitar Hero, Call of Duty and Tony Hawk.