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Vivendi to sell 49% of Activision Blizzard for USD 8.2 bln

2013-07-26 08:29:00| Telecompaper Headlines

(Telecompaper) French telecom and entertainment group Vivendi announced that it will divest over 85 percent of its interest in computer game subsidiary Activision Blizzard for USD 8.2 billion, or USD 13.60 per share. The majority of its shares (429 million) will be acquired by Activision Blizzard. An additional portion (172 million) will be acquired by a consortium of investors (ASAC II LP) including Activision CEO Bobby Kotick and co-chairman Brian Kelly. Vivendi currently owns 61.1 percent or 684 million Activision common shares. Upon completion of this transaction, Vivendi will retain 83 million shares, representing 12 percent of Activision after the transaction.

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