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Shareholders Approve Activision Blizzard Digg this article

By Keith Cross on Jul 09, 2008

Vivendi and Activision have announced that the merger of the two companies that would see the creation of a new company called Activision Blizzard, has been approved by their shareholders, with a vote 92% in favor of the merger.

LOS ANGELES (Reuters) - Activision Inc (ATVI.O: Quote, Profile, Research, Stock Buzz) shareholders approved a deal on Tuesday to merge with French telecommunications and media group Vivendi SA's (VIV.PA: Quote, Profile, Research, Stock Buzz) games unit, creating a public company called Activision Blizzard.

Activision said 92 percent of shares voted were in favor of the merger, which is expected to close on July 9 .

The deal gives Vivendi, creator of "World of Warcraft," a 52 percent ownership stake in the new company that would have annual revenue of $3.8 billion and more heft to take on Electronic Arts Inc (ERTS.O: Quote, Profile, Research, Stock Buzz), the world's biggest independent game publisher.

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