Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Activision Completes Buyback Of Shares From Vivendi

RELATED NEWS
Trade ATVI now with 

Video game publisher Activision Blizzard, Inc. (ATVI: Quote) 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.

Click here to receive FREE breaking news email alerts for Activision Blizzard and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Beverages giant Coca-Cola Co. reported Tuesday a profit for the third quarter that decreased 14 percent from last year, despite higher worldwide volumes, reflecting a revenue drop. Adjusted earnings per share matched analysts' expectations, even as quarterly revenues missed their estimates. Following the announcement, the company's shares are trading more than five percent lower in early deals. Apple Inc. said Monday that its fourth quarter profit rose 13% from last year, driven by strong sales of its iPhones and Mac computers. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly sales. At the same time, the company gave an upbeat revenue forecast for the current quarter, which includes the all important holiday season. Programmable chipmaker Xilinx Inc. (XLNX) said Thursday after the markets closed that its second quarter profit rose 21% from last year, helped by higher revenue and better cost control. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly revenue....
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.