Vivendi and Activision Slated to Merge DateTime:2/8/2012 6:43:36 PM
"Blizzard's industry-leading PC games business, with a track record of nine consecutive bestsellers and a global subscriber base of more than 9.3 million World of Warcraft players, is an exceptional fit for Activision's highly profitable console games business," said Blizzard CEO Mike Morhaime, "From our interactions with the Activision team, it is clear we have much in common in terms of our approaches to game development and publishing. You can buy cheap wow gold here ,we have cheap wow gold for sale !
According to a press release, as a result of the merger, shares of Vivendi Games will be converted into nearly 300 million new shares of Activision stock. At the same time, the French publisher has purchased nearly 63 million shares in Activision stock at $27.50, which is a premium price based on the average closing price over the last 20 days, totaling $1.7 billion in cash. It will give Vivendi a 52% ownership stake in the company, although that owner ship stake could rise up to another 16% after the deal closes should Vivendi acquire more common shares from holders during the tender offer. Buy cheap wow gold here !
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