Activision Completes $8.2B Stock Buyback From Vivendi

Law360, Los Angeles (October 11, 2013, 7:41 PM EDT) -- Activision Blizzard Inc. on Friday announced it had completed its $8.2 billion buyback of Vivendi SA's majority stake in the company, a day after the Delaware Supreme Court unanimously overturned a preliminary injunction blocking the video game developer from closing the deal.

The deal, which was announced in July but hampered by a challenge from investors, will make Santa Monica, Calif.-based Activision an independent company. 

"With the completion of this transaction, we open a new chapter in the history of Activision Blizzard," Activision CEO Bobby Kotick...
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.