Vivendi SA to Buy Activision Inc. (ATVI)
Vivendi SA's purchase of a majority stake in Activision Inc., creating one of the largest video game publishers in the world, was among the merger and acquisition deals that moved shares on Monday.
On Sunday, Vivendi said it will buy 52 percent of Activision shares, paying a total of $9.8 billion including debt. Activision will be combined with Vivendi Games, the publisher of online game "World of Warcraft" among others, into a company called Activision Blizzard.
Activision's games include the "Guitar Hero" and "Call of Duty" series. After a stock offering, Vivendi will be able to own as much as 68 percent of Activision Blizzard.
The buyout values Activision at $27.50 per share, a 24.2 percent premium to Friday's closing price. The stock rose $3.78, or 17.1 percent, to $25.92 in morning trading, and set an all-time high of $26.72.
On Sunday, Vivendi said it will buy 52 percent of Activision shares, paying a total of $9.8 billion including debt. Activision will be combined with Vivendi Games, the publisher of online game "World of Warcraft" among others, into a company called Activision Blizzard.
Activision's games include the "Guitar Hero" and "Call of Duty" series. After a stock offering, Vivendi will be able to own as much as 68 percent of Activision Blizzard.
The buyout values Activision at $27.50 per share, a 24.2 percent premium to Friday's closing price. The stock rose $3.78, or 17.1 percent, to $25.92 in morning trading, and set an all-time high of $26.72.
Labels: Activision Inc., ATVI, Vivendi SA
posted by Stock Administrator @ 12:46 PM
0 Comments:
Post a Comment
<< Home