[ # ] Activision-Vivendi Games Merger Approved

/* Posted July 9th, 2008 at 2:04pm */
/* Filed under Movies & Shows, Video Games */

activision-vivendi

We’ve official word from Activision that more than 92 percent of Activision shareholders gave their approval to go through with the Vivendi acquisition in a special meeting held yesterday. Vivendi, which includes high profile game studios Blizzard Entertainment and Sierra Games, will now become a wholly-owned subsidiary of Activision after the merger is finalized on or around July 9, 2008. This means that Blizzard and Sierra are now subsidiaries of Activision as well. After the merger Activision will be known as Activision Blizzard but will continue to operate under the “ATVI” stock symbol which is quite convenient because it can stand for “Activision Vivendi” just as easily as “Activision.” The whole deal cost about $1.7 billion worth of shares to be exchanged to go through.

For more information, check out the official press release.