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
United Parcel Service, Inc. has started to test the use of drones to make commercial deliveries of packages to remote or difficult-to-access locations. On Thursday, the package delivery giant and drone-maker CyPhy Works staged a mock delivery of urgently needed medicine from Beverly, Massachusetts to Children's Island, which is about three miles off the Atlantic coast. Luxury electric car maker Tesla Motors Inc. (TSLA), Thursday filed a lawsuit against state officials over its right to sell vehicles directly to consumers in Michigan. The lawsuit has been filed against Governor Rick Snyder, Secretary of State Ruth Johnson and Attorney General Bill Schuette as defendants. Tesla... e.l.f. Beauty (ELF), a maker of cosmetic products, priced its initial public offering above its target range and raised about $141 million. The Oakland-based company opened sharply up on Thursday's trading on the New York Stock Exchange. The company said it sold about 8.3 million shares at $17 in...
comments powered by Disqus
Follow RTT