Activision Blizzard, Inc. ATVI (the “Company”), a global
leader in interactive entertainment, announced today that it reached an
agreement under which it will acquire from Vivendi (Euronext Paris: VIV)
approximately 429 million Company shares and certain tax attributes, in
exchange for approximately $5.83 billion in cash, or $13.60 per share
acquired before taking into account the future benefit from these tax
attributes. In a simultaneous transaction, ASAC II LP, an investment
vehicle led by Activision Blizzard CEO Bobby Kotick and Co-Chairman
Brian Kelly, to which they have personally committed $100 million
combined, separately will purchase approximately 172 million Company
shares from Vivendi for approximately $2.34 billion in cash, or $13.60
per share.
See full press release
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in