Activision Blizzard Deal Passed by Shareholders

Although the deal was originally announced in December, Activision shareholders have finally given approval today to merge with French telecommunications and media group Vivendi SA's games unit, Blizzard, creating a public company called Activision Blizzard. 92% 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% ownership stake in the new company that would have annual revenue of $3.8 billion and more heft to take on Electronic Arts, the world's biggest independent game publisher.

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