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It has recently been announced that the merger between Activision and Blizzard that was announced back in December has finally been completed.
The new mega gaming company Activision Blizzard scores a zero on the originality scales but will hopefully make up for it with some great new games.
To the economic minded people out there could you explain this line to me?
Through it, Blizzard and Sierra parent Vivendi becomes a wholly-owned subsidiary of Activision, scoring 295.3 new shares of Activision stock. It’ll also buy 62.9 million new shares for a total of $1.7 billion – the result is that Vivendi owns a stake of about 52 percent in its new parent company
Wouldn’t that mean that Blizzard actually owns Activision?
Last Updated: July 9, 2008
Fred
July 9, 2008 at 12:36
Who ownes who ….. owned.
David
July 9, 2008 at 12:42
Hope they make some awesome games!!
Lupus
July 9, 2008 at 12:43
Blizzard probably owns Activision
Fred
July 9, 2008 at 12:46
The oil companies owns everybody.
Denouncer
July 9, 2008 at 13:36
“As a result of the merger, Vivendi Games, the parent company of Blizzard Entertainment and Sierra, will become a wholly-owned subsidiary of Activision.”.
Activision basically buys out Vivendi, then Vivendi buys back into Activision to form the partnership.
Gougedeye
July 9, 2008 at 13:53
It’s Easy.
“Vivendi Games” is owned by “Activision-Blizzard” which is owned by “Vivendi”.
All very straight forward. No corporate lawyers needed to untangle that mess at all.