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Activision Gains Autonomy From Vivendi After $8.2 Billion Buyout

Activision Blizzard Inc. and a group led by Chief Executive Officer Bobby Kotick completed their $8.2 billion buyout of most of the stake held by Vivendi SA, after a court cleared the final hurdle to the deal.

The video game publisher, based in Santa Monica, California, bought back $5.83 billion of stock from Paris-based Vivendi, and Kotick and his partners paid $2.34 billion, according to a statement yesterday.