Activision, Vivendi Seek Quick Appeal In $8B Buyback Fight

Law360, Wilmington (September 20, 2013, 7:20 PM EDT) -- Activision Blizzard Inc. and Vivendi SA indicated Friday that they are going to appeal to the Delaware Supreme Court a Chancery judge’s decision to halt the $8.2 billion stock buyback that would have seen Vivendi shed its majority stake in the California video game publisher.

The companies filed a request for the Delaware Court of Chancery to certify their interlocutory appeal in part because without relief before a deal deadline of Oct 15, Vice Chancellor J. Travis Laster’s preliminary injunction might as well be a final...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.