Activision-Blizzard Separates Itself From Vivendi

Skadden is representing Activision Blizzard, Inc., a global leader in interactive entertainment, in its $5.83 billion separation from Vivendi through an acquisition of company shares, announced on July 26. Concurrently, an investment vehicle led by Activision Blizzard CEO Bobby Kotick and Co-Chairman Brian Kelly is separately purchasing Activision Blizzard shares from Vivendi for $2.34 billion. Following the completion of the transactions, Activision Blizzard will be an independent company.