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July 26, 2013 07:34 pm GMT
Original Link: http://feeds.mashable.com/~r/Mashable/~3/jgEwqwYgH-g/
Activision Buys Back Shares From Vivendi for $8 Billion
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.
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 GamingOriginal Link: http://feeds.mashable.com/~r/Mashable/~3/jgEwqwYgH-g/
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