Earlier we reported that Activision Blizzard were planning to pay Vivendi $8.2 billion and break free from its grasps, but that won’t be that easy as a Delaware court has issued an injunction blocking the move.
The deal was highly publicized earlier as it posed a benefit to both companies, where Activision Blizzard becomes independent and Vivendi gets a cash boost.
Activision seems desperate to complete the deal and have said that they want to “to complete the transaction as expeditiously as possible”.
The buyout at present if it can go through needs to be approved by a stockholder vote of the non-Vivendi stockholders, or the court’s injunction has to be changed.
We will keep you updated once we hear more on this.