SANTA MONICA, Calif.--(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
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, firstname.lastname@example.org
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
Activision Blizzard, Inc.
Kristin Southey, 310-255-2635
Investor Relations and Treasury
SVP, Corporate Communications
Source: Activision Blizzard, Inc.