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Activision Blizzard Inc Complete Purchase of Company Shares From Vivendi SA


Friday, 11 Oct 2013 03:45pm EDT 

Activision Blizzard, Inc announced that it has successfully completed its previously announced acquisition of approximately 429 million company shares and certain tax attributes from Vivendi SA for approximately $5.83 billion, or $13.60 per share in cash. ASAC II LP, an investment vehicle led by Activision Blizzard CEO Bobby Kotick and Chairman Brian Kelly, has also completed its purchase of approximately 172 million company shares from Vivendi for approximately $2.34 billion in cash, or $13.60 per share, in a separate transaction. The shares Activision Blizzard purchased in the transaction will no longer be treated as outstanding, leaving the majority of the remaining 690 million shares in the hands of public shareholders. With the closing of the transaction, ASAC II LP-the investor group which, in addition to Kotick and Kelly, includes Davis Advisors, Leonard Green & Partners, L.P., Tencent, and one of the world's largest global institutional investors-now owns approximately 24.7% of the Company. Vivendi has retained 83 million shares, an approximate 12% stake in the Company. 

Company Quote

19.35
0.31 +1.63%
10:53am EDT