Activision and Blizzard Are One

Activision has just announced that a special meeting of shareholders has given the publishing giant its approval to complete the proposed merger with Blizzard and Vivendi Games. Activision says that when the transaction closes on its expected July 9th date, Vivendi Games will become a new wholly owned subsidiary of Activision.

The proposal to merge the two giants was announced in December 2007 and has since been the topic of much discussion in the gaming industry. The merger of Activision, the world's largest console game publisher and Blizzard, the leader in pure-play online games like World of Warcraft is expected to have a combined revenue of $3.8 billion in the 2007 calendar and the highest operating margins of any major third-party video game publisher.

Source: Reuters


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