Activision Blizzard Merger Approved
July 9th, 2008 Posted in Business by Rajiv Ashrafi
Activision today announced that its merger with Blizzard Entertainment parent company Vivendi Games has been approved by shareholders, with the transaction expected to officially close today.
The resulting company will be dubbed Activision Blizzard and will be valued at around $19 billion.
Vivendi will become a wholly-owned subsidiary of Activision. The merger is one of the largest corporate consolidations in the history of the gaming industry.