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Activision Blizzard officially formed


After months of going through the legal motions it's finally official. Activision and Vivendi Games are now no more; as the merger of the two game publishers behind Call of Duty, World of Warcraft and many other game franchises has been completed. Both companies issued press releases this morning with the news of the new Activision Blizzard. The company will be traded on the NASDAQ stock market under the name ATVI.

Technically Vivendi Games merged with an Activision subsidiary with shares of Vivendi Games' stock turned into Activision stock. At the same time, Vivendi Games' parent company Vivendi bought $1.7 billion in Activision stock giving Vivendi a 52 percent ownership stake in Activision Blizzard. A few days from today Activision Blizzard will launch a $4 billion all cash tender offer to purchase shares at $27.50 a share. If the tender offer goes through Vivendi will then own up to 68 percent of Activision Blizzard.

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