July 26 Activision Blizzard Inc and a
management group have entered into an $8.17 billion share
buyback deal with France's Vivendi to become an
The largest U.S. video games publisher said early on Friday
it would buy back 429 million shares from Vivendi for $5.83
An investor group led by CEO Bobby Kotick and Co-Chairman
Brian Kelly has agreed to separately purchase about 172 million
Activision shares from Vivendi for $2.34 billion.
After the completion of the deal, Vivendi will no longer be
the majority shareholder, but will retain a stake of 83 million
shares or about 12 percent of Activision.