Combination Brings Activision's Best-Selling Video Games, Including Guitar Hero, Call of Duty, and Tony Hawk, Together With Vivendi Games' Portfolio of Leading Franchises, Including Crash Bandicoot and Spyro, and Blizzard Entertainment's StarCraft, Diablo and Global No1 Subscription-Based World Of Warcraft
Vivendi to Contribute Vivendi Games Valued at $8.1 Billion, Plus $1.7 Billion in Cash in Exchange for Approximately 52% Stake in Activision Blizzard at Closing; Total Transaction Valued at $18.9 Billion
Activision Blizzard Will Commence Post-Closing Cash Tender Offer for Up to 146.5 Million of its Shares at $27.50 per Share, Representing 31% Premium for Activision Stockholders Based on 20-Trading Day Average
Transaction Will Unlock Value of Blizzard Entertainment's Massively Multiplayer Online Games Business and Will Be Accretive to Stockholders of Activision and Vivendi