Activision Blizzard begins tender offer for up to 22% of its shares

By Lisa Kerner

Charlotte, N.C., July 16 - Activision Blizzard, Inc. began a tender offer to purchase up to 146.5 million shares, or approximately 22%, of its outstanding common stock at a price of $27.50 per share.

The tender offer ends at 5 p.m. ET on Aug. 13, according to a company news release.

According to Activision Blizzard, the offer is being made in connection with the $18.9 billion combination of Activision, Inc. and Vivendi Games completed on July 9.

Activision Blizzard agreed to begin the tender offer with five business days after the combination closed.

Information agent for the offer is Morrow & Co., LLC (800 245-1502).

Activision Blizzard is a Santa Monica, Calif., pure-play online and console game publisher.

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