After a several week court case dealing with objections to the deal, video game publisher/developer Activision Blizzard has now completed its separation from Vivendi SA.
Despite long plans and many millions of dollars put into buying shares to achieve the separation, the plan by the heads of Activision and Vivendi was put on hold following objections by shareholders. The specific shareholder in question, Douglas Hayes, opposed the lack of any option to vote upon the decision and as it would make those directing the companies involved “unjustly rich”. Despite this, the Delaware Supreme Court has ruled in favour of the exchange and the separation has now been completed.
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