yoshimura
Legacy Member
December 2, 2007
VIVENDI AND ACTIVISION TO CREATE ACTIVISION BLIZZARD – WORLD’S LARGEST, MOST PROFITABLE
PURE-PLAY VIDEO GAME PUBLISHER
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 BandicootTM
and SpyroTM, and Blizzard Entertainment’s® StarCraft®, Diablo® and Global #1 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
_______________________________________________________________
VIVENDI AND ACTIVISION TO CREATE ACTIVISION BLIZZARD – WORLD’S LARGEST, MOST PROFITABLE
PURE-PLAY VIDEO GAME PUBLISHER
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 BandicootTM
and SpyroTM, and Blizzard Entertainment’s® StarCraft®, Diablo® and Global #1 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
_______________________________________________________________