Activision and Blizzard Entertainment parent Vivendi Games announced the completion of their multibillion dollar merger resulting in the creation of Activision Blizzard.

Originally announced in late 2007, the merger was approved by shareholders earlier this week. The new Activision Blizzard corporation is valued at roughly $18.9 billion, marking one of the largest corporate consolidations in the industry's history. Read more »

Publisher Activision today announced that its merger with Blizzard Entertainment parent company Vivendi Games has been approved by shareholders, and the transaction is expected to officially close tomorrow, July 9.

The new company, dubbed Activision Blizzard, is valued at roughly $18.9B.

As per the terms of the merger, Vivendi Games will become a wholly-owned subsidiary of Activision, and receive approximately 295.3M shares of Activision stock. Vivendi will also purchase nearly 63 million shares of stock at a total value of $1.7B, making Vivendi's ownership stake in the newly created Activision Blizzard around 52%. Read more »