Activision separation from Vivendi halted

By Andrew Yoon, Sep 18, 2013 10:23pm PDT

Vivendi's plan to sell its shares of Activision Blizzard has been suspended. The reason? A lawsuit from an Activision shareholder is preventing the companies from officially splitting up.

Activision says it's still "committed" to completing the "transaction" with Vivendi. Forbes points out that "the easiest and quickest way" of making this happen would be to settle the lawsuit. However, "this might lead to further claims being launched by other shareholders."

According to Bloomberg, the stock purchase agreement has a termination date of October 15 and that after that, any party may elect to terminate it, meaning the clock is ticking if Kotick and company want this deal to wrap up.

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