$18.9 billion merger given greenlight; Activision Blizzard ready to take on EA
Vivendi has officially been give permission to proceed with its proposed merger with former rival Activision, according to Reuters.
The terms of the deal mean that French telecom and media group Vivendi will boast a 52 per cent share in new industry giant Activision Blizzard.
As the European Commission rubber-stamped the merger, it added that for “all categories of game software, the combined firm would continue to face several strong, effective competitors, such as Electronic Arts, and the game console manufacturers, such as Sony, Nintendo and Microsoft.”
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Comments
Re: el
Now the battle for who keeps there jobs begins.... (wouldn't like to work at Vivendi right now)
mistake
Not sure where you are getting your figures from but it is a $18.9bn transaction not $9.85bn.
Re: mistake
Perhaps they mean $9.85bn represents 52% of the total valuation of $18.9bn.
Re: mistake
It would be a $18.9bn merger (as everyone else is reporting) or a $9.1bn acquisition therefore. A $9.85bn merger it is not.
I, pedant.
Re: mistake
Fixed. Apologies all - Reuters are usually reliable with these figures, but clearly not this time...
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