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.
Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.
We also solicit original full-length posts and accept some unsolicited submissions.
