The court has lifted the injunction and the deal is now free to go through. Activision has announced that the deal has indeed gone through and they are now fully independent.
They have completed the acquisition of approximately 429 million company shares and tax attributes from Vivendi for $5.83 billion at $13.60 per share in cash. Additionally, Activision Blizzard CEO Bobby Kotick and Chairman Brian Kelly have bought additional 172 million company shares from Vivendi for $2.34 billion at $13.60 per share using their investment vehicle called ASAC II LP.
“With the completion of this transaction we open a new chapter in the history of Activision Blizzard,” Kotick said.
“We expect immediate shareholder benefits in the form of earnings-per-share accretion and strategic and operational independence. Our audiences and our incredibly talented employees around the world will benefit from a focused commitment to the creation of great games. Our shareholders and debt holders will have the benefit of an energized, invested, deeply committed management team focused on generating long-term, superior returns and effectively managing our capital structure.”
This is good news for Activision Blizzard, who now don’t have to be at the mercy of Vivendi. Tell us what you think in the comments section below.