Your Web News in One Place

Help Webnuz

Referal links:

Sign up for GreenGeeks web hosting
July 26, 2013 07:34 pm GMT

Activision Buys Back Shares From Vivendi for $8 Billion

Activision

Activision Blizzard reached a deal to buy itself back from struggling publisher Vivendi for about $8 billion, the company announced early Friday morning.

In two separate transactions, Activision Blizzard will purchase 429 million and 172 millions shares of Vivendi as the company transforms to an independent entity, with the majority of its shares owned by the public.

See also: Activision CEO: ‘Call of Duty: Ghosts’ Features Its Most Human Characters

Vivendi will still own about 12% of Activision Blizzard, or about 83 million shares. The transaction is expected to be complete by September.

Activision CEO Bobby Kotick and co-chairman Brian Kelly, who will retain their roles in the company, led the investment. Read more...

More about Activision Blizzard, Vivendi, Business, and Gaming

Original Link: http://feeds.mashable.com/~r/Mashable/~3/jgEwqwYgH-g/

Share this article:    Share on Facebook
View Full Article

Mashable

Mashable is the top source for news in social and digital media, technology and web culture.

More About this Source Visit Mashable