logo
Share SHARE
FONT-SIZE Plus   Neg

Activision Completes Buyback Of Shares From Vivendi

Video game publisher Activision Blizzard, Inc. (ATVI) Friday said it completed the purchase of about 429 million company shares and certain tax attributes from French media giant Vivendi SA (VIVEF.PK, VIV.L), for around $5.83 billion, or $13.60 per share in cash.

In a separate simultaneous deal, ASAC II LP, an investment vehicle led by Activision Blizzard CEO Bobby Kotick and Chairman Brian Kelly, also completed its purchase of about 172 million company shares from Vivendi for around $2.34 billion in cash, or $13.60 per share.

With the closing of the deal, ASAC II LP now owns about 24.7 percent of the company. Vivendi has retained 83 million shares, an approximate 12 percent stake.

Activision Blizzard funded the acquisition with the combination of $1.2 billion of cash on hand and recently issued debt.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Hormel Foods has agreed to buy organic meat products maker Applegate Farms LLC for about $775 million, as consumers increasingly use natural and organic foods in their diet. Set-top box maker TiVo Inc. (TIVO), Tuesday reported a slight drop in profit for the first quarter despite an increase in revenue, as its bottom line was impacted by a one-time interest expense. Nevertheless, both earnings and revenues for the quarter trumped Wall Street estimates, on subscription growth,... Cloud-based human resource software maker Workday, Inc. said Tuesday after the markets closed that its first quarter net loss widened from last year, as higher costs and expenses more than offset a 57% increase in revenue. However, the company's adjusted loss per share was smaller than what analysts estimated and its quarterly revenue topped analysts' forecast.
comments powered by Disqus
RELATED NEWS
Trade ATVI now with 
Follow RTT