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Posts tagged Vivendi

Activision, Vivendi lawsuit settlement amounts to $275 million

Activision Blizzard reached a settlement this week over a shareholder's lawsuit in regards to the Call of Duty publisher's October 2013 buyout. As a result, Vivendi and others will pay $275 million to Activision to settle the litigation, which began in August 2013 before Activision's $8.2 billion p...

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Activision CEO Bobby Kotick was nearly fired in 2013

Vivendi, Activision's controlling shareholder in 2013, wanted to fire CEO Bobby Kotick, as revealed in emails that are part of a lawsuit filed by Activision investors (via Bloomberg). During negotiations for Activision to buy the majority of its own shares back from Vivendi in 2013, Kotick refused ...

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Vivendi to sell $850 million in Activision Blizzard stock

French multimedia company Vivendi has been steadily distancing itself from Activision Blizzard for awhile now, but a new sale brings Vivendi's stake in the House That Warcraft & Call of Duty Built down to just six percent. The $850 million deal is expected to close May 28, provided there are no...

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Activision completes purchase of itself from Vivendi

Activision's buyback of $8.2 billion of its own shares from Vivendi has been completed, the publisher announced today. It was just yesterday that the Delaware Supreme Court overturned a September ruling that halted the purchase, which followed a lawsuit by an Activision Blizzard shareholder in Augu...

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Activision to buy $8.2 billion of its own shares from Vivendi on Oct. 15

Activision is free to buy back its own shares from current parent company Vivendi, now that the Delaware Supreme Court has overturned a ruling that prevented the deal from going down. The transaction is expected to be completed on October 15. Activision will buy 429 million of its own shares fro...

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Activision buys itself back from Vivendi for $8 billion

Activision Blizzard has reached a deal to buy itself back from Vivendi for over $8 billion. After the split, Activision Blizzard will be an independent company again, with a majority of its shares owned by the public. Bobby Kotick will remain CEO, with Brian Kelly as Chairman. Financially troubled ...

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Strapped-for-cash Vivendi goes looking in Activision Blizzard's till

Financially strapped conglomerate Vivendi wasn't able to sell off its controlling interest in Activision Blizzard, but it's looking to get money out of the $4.4 billion cash and asset-flush publisher through other means. The Financial Times (via Reuters) reports Vivendi will try some boardroom mane...

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Report: Activision stock may rise 50 percent with Pandaria, CoD Online

Activision Blizzard may see its share price increase as much as 50 percent as it prepares to launch the Mists of Pandaria expansion for World of Warcraft and Call of Duty Online in China, financial newsweekly Barron's reports. Activision Blizzard is currently trading at $11.25, after reporting Q2 e...

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Reuters: Vivendi finds 'few takers' on Activision stake sale, eyes other departments

Vivendi's planned sale of its 61 percent controlling stake in Activision is apparently waning, according to Reuters. Vivendi is said to be eying a sale of Brazillian telecommunications company Global Village Telecom (GVT), which would bring in anywhere from $8.59 to $10.42 billion – a distinc...

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Pachter: Activision Blizzard spinoff 'far more likely' than Vivendi sale

Wedbush analyst Michael Pachter has weighed in on recent speculation suggesting Vivendi would get rid of its stake in Activision Blizzard, following mounting reports that the French conglomerate is trying to sell the game publisher. Although a sale is "likely the preferred route" for Vivendi, Pacht...

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