wwwPosted Dec 2nd 2007 2:34PM by Douglas McIntyre
Filed under: Deals, Activision Inc (ATVI)
In a merger that will create the world's largest video game company, Vivendi, which owns game operation Blizzard Entertainment, will take a controlling interest in large U.S. company Activision (NASDAQ: ATVI).
According to the Financial Times, "the enlarged company would aim for pro forma operating income of $1.1bn and earnings per share of more than $1.20 in 2009. The deal would create $50m-$100m in savings."
Douglas A. McIntyre is an editor at 247wallst.com.
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