14 DAY TRIAL // The team of executives at Activision Blizzard and their investor partners announce that they have completed the acquisition of 429 company shares and a number of other liabilities from their parents company Vivendi.
The overall value of the transaction is 5.83 billion dollars, which is about 4.1 billion Euro.
Bobby Kotick, the chief executive officer, and Brian Kelly, the chairman, also bought about 172 million shares for themselves at the same time.
The CEO is quoted by VG247 as saying that, "With the completion of this transaction we open a new chapter in the history of Activision Blizzard. We expect immediate shareholder benefits in the form of earnings-per-share accretion and strategic and operational independence."
The transaction was stopped for a while as a court considered action from a minority shareholder who believed that the acquisition by Kotick and Kelly would hurt his own interest.
The launch schedule for Call of Duty: Ghosts will be not be affected by the transaction.