Vivendi have managed to sell Activision to... erm... Activision.
Following months of rumours that Vivendi was looking to offload the massive publisher, Activision has managed to field a whopping $8.2 billion (including $100 million directly from CEO Bobby Kotick and Chairman Brian Kelly) in order to purchase 601 million shares. Those are impossibly big numbers, but when all's said and done, Activision now own a majority stake while Vivendi only control 12%. Meaning, effectively, that they can operate independently.
Kotick described the move as a "tremendous opportunity" for Activision Blizzard. "We should emerge even stronger," he stated, "an independent company with a best-in-class franchise portfolio and the focus and flexibility to drive long-term shareholder value and expand our leadership position as one of the world's most important entertainment companies.
"The transactions announced today will allow us to take advantage of attractive financing markets while still retaining more than $3 billion cash on hand to preserve financial stability."
Functionally, this probably won't affect much for us consumers.