Excerpt from the call Transcript:
"Activision Blizzard is announcing a very exciting transaction that represents the tremendous opportunity for the company and its shareholders. Activision Blizzard will acquire approximately 429 million shares and certain tax attributes from Vivendi in exchange for $5.8 billion in cash, approximately $13.60 a share before taking into account benefit to the company of these tax attributes.
Separately in a simultaneous transaction, in investor group led by Brian, Kelly and me will acquire approximately a 172 million shares from Vivendi for $2.3 billion in cash or approximately 13.60 per share. Brian and I are personally investing a combined a $100 million to purchase company shares from Vivendi through our investor group. Activision Blizzard share repurchase from Vivendi reduced the outstanding share count to approximately 690 million shares. This will be meaningfully accretive to Activision Blizzard shareholders."
"Activision Blizzard is announcing a very exciting transaction that represents the tremendous opportunity for the company and its shareholders. Activision Blizzard will acquire approximately 429 million shares and certain tax attributes from Vivendi in exchange for $5.8 billion in cash, approximately $13.60 a share before taking into account benefit to the company of these tax attributes.
Separately in a simultaneous transaction, in investor group led by Brian, Kelly and me will acquire approximately a 172 million shares from Vivendi for $2.3 billion in cash or approximately 13.60 per share. Brian and I are personally investing a combined a $100 million to purchase company shares from Vivendi through our investor group. Activision Blizzard share repurchase from Vivendi reduced the outstanding share count to approximately 690 million shares. This will be meaningfully accretive to Activision Blizzard shareholders."
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