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Activision-Vivendi Merger Lawsuit Tossed

by Rainier on July 2, 2008 @ 4:53 p.m. PDT

When Activision announced last year that it would merge with Vivendi Games not all its shareholders were in agreement with the $18.9 billion deal. Wayne County Employees' Retirement System filed a preliminary injunction which has now been denied by the Delaware Court of Chancery, so the merger can move forward.

Activision announced that the Delaware Court of Chancery has denied the Wayne County Employees' Retirement System's request for a preliminary injunction relating to Activision's proposed merger with Vivendi Games, Inc.

A special meeting of stockholders of Activision, Inc. will be held on Tuesday, July 8, 2008, to consider and vote on proposals to approve the transaction and related matters. If Activision's stockholders approve the transaction and the other matters to be considered at the special meeting, Activision anticipates closing the business combination on or about July 9, 2008.

The meeting will be at 11:00 a.m., local time, at The Peninsula Hotel located at 9882 South Santa Monica Boulevard, Beverly Hills, CA 90212.

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