US court delays $8.2B Vivendi-Activision deal

September 19, 2013

A U.S. court has delayed the $8.2 billion sale of Vivendi's stake in Activision Blizzard Inc. back to the video game maker and an investor group led by CEO Bobby Kotick and co-chairman Brian Kelly.

Activision said Wednesday that the Delaware Court of Chancery said the deal required a vote by non-Vivendi stockholders.

Vivendi SA, a French media conglomerate, and Activision say they intend to proceed with the transaction.

In July, Vivendi announced it would sell most of its majority stake in Activision, the maker of "World of Warcraft" and "Call of Duty." Activision itself would buy $5.83 billion worth of shares at $13.60 apiece while the would purchase another $2.34 billion worth.

Shares of Santa Monica, Calif.-based Activision fell 3 percent to $17.15 in after-hours trading.

Explore further: Vivendi sells Activision stake for $8.2 billion

Related Stories

Vivendi sells Activision stake for $8.2 billion

July 26, 2013

(AP)—Vivendi SA is selling most of its majority stake in video game maker Activision Blizzard Inc. for $8.2 billion as the French conglomerate tries to strengthen its balance sheet.

Activision targets EA in $400 million lawsuit

December 22, 2010

(AP) -- Activision Blizzard Inc., the video game maker behind the smash-hit shooter "Call of Duty: Black Ops," on Tuesday added a new target in its lawsuit against two former executives: rival Electronic Arts Inc. Activision ...

New 'Call of Duty' blows away sales records

November 11, 2011

"Call of Duty: Modern Warfare 3," the latest installment of the blockbuster videogame franchise, blew away sales records on its first day to become the highest-grossing entertainment launch ever, publisher Activision said ...

Recommended for you

Making AI systems that see the world as humans do

January 19, 2017

A Northwestern University team developed a new computational model that performs at human levels on a standard intelligence test. This work is an important step toward making artificial intelligence systems that see and understand ...

Firms push hydrogen as top green energy source

January 18, 2017

Over a dozen leading European and Asian firms have teamed up to promote the use of hydrogen as a clean fuel and cut the production of harmful gasses that lead to global warming.

WhatsApp vulnerable to snooping: report

January 13, 2017

The Facebook-owned mobile messaging service WhatsApp is vulnerable to interception, the Guardian newspaper reported on Friday, sparking concern over an app advertised as putting an emphasis on privacy.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.