Game studio Activision Blizzard has reached an agreement with Vivendi to buy back its shares in the amount of $ 8.2 billion, after which it will become an independent company, reports The New York Times . Thus, the disposal of Activision Blizzard will be about 429 million of its shares, the studio will pay $ 5.83 billion Additionally, Robert “Bobby” Kotick (Robert Kotick), CEO Activision Blizzard, Brian Kelly (Brian Kelly), co-chairman of the company, and a group of investors will buy another 172 million shares valued at $ 2.34 billion
Upon completion of the transaction, the Vivendi remain 83,000,000 shares of Activision Blizzard (about 12%), with Robert Kotick will remain Chief Executive Officer of the company, and Brian Kelly will take the position of chairman of the board of directors already. According to Kitty, it is “an incredible opportunity” for Activision Blizzard, which owns the rights to such popular games like Call of Duty, World of Warcraft and Diablo.
Activision Blizzard for $ 8.2 billion repurchased its shares from Vivendi
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