The European Union has given permission for French conglomerate Vivendi to
proceed with its
proposed
acquisition of gaming giant Activision.
The deal, which will see the creation of a new company called Activision
Blizzard, is worth around $9.85bn.
Vivendi will own 52 per cent of the new company, which is expected to
generate revenues of $3.8bn for the year.
Activision Blizzard will incorporate a number of popular titles under one
umbrella, including Guitar Hero, Call of Duty, Tony Hawk's
skateboarding games and World of Warcraft.
The new company would rival the dominance of Electronic Arts, currently the
world's biggest games publisher.
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