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Activision Blizzard purchase from Vivendi to be completed soon

by on October 11, 2013
 

Activision Blizzard

Activision Blizzard has announced that its purchase from Vivendi should be completed by Oct. 15.

The purchase will have the company getting 429 million shares from Vivendi for approximately $5.83 billion in cash. At the same time, CEO Bobby Kotick and co-chairman Brian Kelly will buy 172 million shares for $2.34 billion.

Activision Blizzard also noted that the Delaware Supreme Court lifted the preliminary injunction against the sale, which is allowing it to move forward.

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