Corporate
Sep. 21, 2013
Court postpones Vivendi's sale of Activision stake
A U.S. court has delayed Vivendi SA 's $8.2 billion deal to sell most of its stake in Santa Monica-based video game giant Activision Blizzard Inc. on the heels of a lawsuit.
Daily Journal Staff Writer
A U.S. court took the rare position Wednesday of delaying Vivendi SA's $8.2 billion deal to sell most of its stake in Santa Monica-based video game giant Activision Blizzard Inc. on the heels of a lawsuit filed last week.
Following the suit by Activision shareholder Douglas M. Hayes, which alleged Activision, Vivendi and others breached their fiduciary duties by not holding a vote of non-Vivend...
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