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Activision separation from Vivendi to resume

by Andrew Yoon, Oct 10, 2013 2:30pm PDT
Related Topics – Blizzard, Activision, Vivendi

Activision Blizzard's separation from mega-conglomerate Vivendi was stalled when a lawsuit accused the company of not giving a fair shake to shareholders. Today, Activision Blizzard announced that the deal can go through, as the court has lifted an injunction placed to prevent the sale.

The sale is expected to complete by October 15. Vivendi will sell $5.83 billion worth of shares, with a holding company led by Bobby Kotick acquiring nearly half of those shares.




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