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The hostile takeover of ‘Watch Dogs’ studio Ubisoft continues

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Activision Blizzard to Buy Out Vivendi for $8.2 Billion


After Activision Blizzard finishes acquiring the shares of Vivendi, the latter will be left with only 83 million shares which are just 12% of the company. Approximately 429 million shares will be re-...

Activision Blizzard is going independent, buying out Vivendi for $8 billion

Gaming giant Activision Blizzard announced it's buying out most of majority shareholder Vivendi's stake, at a total price of about $8.2 billion. Activision will pay about $5.83 billion in cash to Vivendi for 429 million shares, while an investment group led by CEO Bobby Kotick and co-chairman Brian Kelly will pick up 172 million shares for $2.34 billion, leaving Vivendi with 83 million shares, or about 12 percent of the company. The publisher of titles like Call of Duty and World of Warcraft (and Guitar Hero before it ran that into the ground), Activision reported $1.05 billion in net revenue for Q2 and raised its full-year revenue outlook slightly, although full results won't be available until August 1st. As Joystiq mentions, Vivendi has been unsuccessfully trying to sell its part of the company for nearly a year, hopefully this transaction works out the best for everyone. By everyone, we mean people still waiting for StarCraft: Ghost.

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Via: Joystiq

Source: Activision

Europe approves Universal – EMI merger, cements the dominance of the ‘big three’

Europe approves Universal  EMI merger,

The European Union has signed off on Universal's $1.9 billion purchase of EMI music, provided that it sells off two-thirds of the fallen giant's assets to comply with competition regulations. The most notable jewel on the auction block is label Parlophone, home of the early Beatles records, Pink Floyd, Radiohead and Kylie. Chiefs added the conditions in the hope of preventing the new mega-corporation from gaining too much market share, but given that Sony (which bought EMI's publishing arm) and Warner Music are its only real competitors -- it's sealed the trio as the only guests at the top table of the music industry, problematic for anyone looking to found an iTunes or Spotify rival and doesn't fancy playing by their rules.

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Europe approves Universal - EMI merger, cements the dominance of the 'big three' originally appeared on Engadget on Fri, 21 Sep 2012 12:58:00 EDT. Please see our terms for use of feeds.

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