Gaming Giants Blizzard and Activision Merge for $18.9Bn

Posted: December 3, 2007 in Tech

Activision Inc. signed an agreement with French Entertainment Company Vivendi, pursuant to which Vivendi Games will be merged with Activision, resulting in the formation of the biggest pure-play online and console game publisher in the world.

The company said the combined entity would be named Activision Blizzard and will have around $3.8 billion in pro-forma combined revenues in calendar year 2007. Following the deal, Activision will remain listed on the NASDAQ stock exchange as Activision Blizzard.

Under the terms, Vivendi would hold a roughly 52 percent majority of the merged company by contributing Vivendi Games, valued at $8.1 billion, and $1.7 billion in cash.

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