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Vivendi Exit From Activision Stake Can Proceed

Published on October 10, 2013
by Peg Brickley

Delaware’s highest court Thursday struck down an injunction that has been holding up Vivendi SA’s exit from its control stake in videogame maker Activision Blizzard Inc.

“There is no reasonable possibility for success on the merits” of a shareholder attack on the deal, Chief Justice Myron Steele said, speaking for a unanimous five-person panel at the conclusion of a hearing before the Delaware Supreme Court.

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