Posts Tagged ‘Hudsucker Proxy’

Activision Blizzard Completes Deal To Buy Itself

By Graham Smith on October 14th, 2013.

This is just how he shows up in all photos.

John wrote about Activision Blizzard going independent back in July, but then there was a shareholder lawsuit, after which a US court placed an injunction to put the deal on hold. That was lifted last week, allowing the multi-billion dollar share buyback to go through and thus making ActiBlizz independent of its parent company, Vivendi.

The deal involves Activision paying $5.83 billion for shares, and an investment group led by Bobby Kotick paying a further $2.34 billion to complete the deal. If you can’t be bothered to do the maths, that’s a combined total of infinity dollars. What happens next?
Read the rest of this entry »

, , , .

70 Comments »