Activision Blizzard Merger Approved, Transaction Closes Tomorrow
The new company, dubbed Activision Blizzard, is valued at roughly $18.9B.
As per the terms of the merger, Vivendi Games will become a wholly-owned subsidiary of Activision, and receive approximately 295.3M shares of Activision stock. Vivendi will also purchase nearly 63 million shares of stock at a total value of $1.7B, making Vivendi's ownership stake in the newly created Activision Blizzard around 52%.
Announced late last year, the Activision Blizzard merger is one of the largest corporate consolidations in the history of the gaming industry.
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