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This excerpt taken from the ATVI 8-K filed Jul 15, 2008. The Merger. Activision and Vivendi Games combined
their businesses through the merger of Merger Sub with and into Vivendi Games.
As a result of the merger, Vivendi Games
became a wholly-owned subsidiary of Activision.
In the merger, VGAC, a subsidiary of Vivendi and the sole stockholder of
Vivendi Games, received approximately 295.3 million newly issued shares of
Activision common stock, which number is based upon a valuation of Vivendi
Games at $8.121 billion and a per share price for Activision common stock of
$27.50. Upon the closing of the
Transactions, the combined company was renamed Activision Blizzard, Inc.
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