Activision Vivendi Merger Finally Complete
July 11th, 2008 Posted in Business by Rajiv Ashrafi
Activision and Vivendi Games today jointly announced the completion of their multibillion dollar merger resulting in the creation of Activision Blizzard.
The merger was originally announced late last year, but got approved by shareholders earlier this week. The new company is valued at about $19 billion, making it one of the largest consolidations in the industry’s history.
“We are very excited about the opportunity for Activision Blizzard to create a broader entertainment software platform,” said Activision Blizzard chairman Rene Penisson. “We are determined to ‘think big’!”