Activision Blizzard Announces Pricing of Common Stock by Vivendi S.A.
May 22 2014 - 9:17AM
Business Wire
Activision Blizzard, Inc. (NASDAQ: ATVI) today announced the
pricing of the previously announced public offering of 41,499,689
shares of its common stock by Vivendi S.A. The offering and sale of
shares owned by Vivendi S.A. are being made in accordance with the
agreements entered into in connection with the transactions
previously announced on July 25, 2013. The offering is expected to
close and settle on May 28, 2014. Vivendi will receive proceeds of
approximately $850 million from the sale. The company will not
receive any of the proceeds from the offering of shares by the
selling stockholder. Following closing of the offering, Vivendi
will own 41,499,688 shares of Activision Blizzard common stock.
Vivendi’s sale of its remaining Activision Blizzard holdings is
restricted for a period of fifteen months following the October 11,
2013 closing of Activision Blizzard’s repurchase of shares of its
common stock from Vivendi. The specific terms governing those sales
are included in agreements previously filed by Activision Blizzard
with the SEC.
Barclays and Credit Suisse are acting as joint bookrunning
managers and underwriters for the offering.
A shelf registration statement (including a prospectus) relating
to the offering of the common stock has previously been filed with
the U.S. Securities and Exchange Commission and has become
effective. Before investing, you should read the prospectus and
other documents filed with the Securities and Exchange Commission
for information about Activision Blizzard and this offering. You
may obtain these documents for free by visiting EDGAR on the SEC
website at: www.sec.gov.
Alternatively, copies of the prospectus may be obtained from:
Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, NY 11717,
Barclaysprospectus@broadridge.com, (888) 603-5847; or Credit Suisse
Securities (USA) LLC, One Madison Avenue, New York, NY 10010,
Attention: Prospectus Department,
newyork.prospectus@credit-suisse.com or by telephone at
1-800-221-1037.
This press release shall not constitute an offer to sell or the
solicitation of any offer to buy, nor shall there be any sale of
these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of such jurisdiction.
About Activision Blizzard
Activision Blizzard, Inc. is the world's largest and most
profitable independent interactive entertainment publishing
company. It develops and publishes some of the most successful and
beloved entertainment franchises in any medium, including Call of
Duty®, Skylanders™, World of Warcraft®, StarCraft® and Diablo®.
Headquartered in Santa Monica, California, Activision Blizzard
maintains operations throughout the United States, Europe, and
Asia. It develops and publishes games on all leading interactive
platforms and its games are available in most countries around the
world. More information about Activision Blizzard and its products
can be found on the company's website,
www.activisionblizzard.com.
Activision Blizzard, Inc.Kristin Southey, 310-255-2635SVP,
Investor Relations and Treasuryksouthey@activision.comorMaryanne
Lataif, 310-255-2704SVP, Corporate
Communicationsmlataif@activision.com
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