News
Activision-Vivendi deal approved by EU
Neil Long Apr 16 2008, 5:31pm
Comments (6)
$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
“el”
Posted by: ds - Apr 17, 12:31am
ww w.valhalla.p l
“Re: el”
Posted by: Oh Dear! - Apr 17, 9:16am
Now the battle for who keeps there jobs begins.... (wouldn't like to work at Vivendi right now)
“mistake”
Posted by: Nooh - Apr 17, 9:27am
Not sure where you are getting your figures from but it is a $18.9bn transaction not $9.85bn.
“Re: mistake”
Posted by: SnargleFlip - Apr 17, 11:32am
Perhaps they mean $9.85bn represents 52% of the total valuation of $18.9bn.
“Re: mistake”
Posted by: Nooh - Apr 17, 11:45am
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”
Posted by: Neil Long - Apr 17, 12:38pm
Fixed. Apologies all - Reuters are usually reliable with these figures, but clearly not this time...