Following all accounting measurements, vivendi technocally owns 63% of blizzard assets, and that includes 63% of money they are using to buy themselves out. unless you are implyign that they are buying 63% with money from 37% and still ahve 3 billions (thats 36% of the money they are already paying, so 63% turns 36%?). so yeah, they are still paying vivendi with the money vivendi owns.thebakedpotato said:Kinda sorta? While Vivendi is a major shareholder, it can't technically withdraw money unless it is disbursed through to the other shareholders. Which is what they wanted Actiblizzion to do.Strazdas said:Fair enough, it does seem that the company is buying itself out with money that belongs to vivendi after all. Gota love those illogical business laws.
I look forward to this. Whatever happens next, it won't be boring.
Also: Bloomberg link for number crunchers.
http://www.bloomberg.com/news/2013-07-26/activision-management-to-buy-vivendi-stake-for-8-17-billion.html
technically it can say "were closing doors today" and being major shareholder they can then split thier 63% cut. while granted its assets and its market share may be vastly different, they can extract money.
Then again activision is funding it with 4.6 debt. so this may jstu as well be the other shareholders money and technically not vivendis own money. but we are really trying to pull a fast one with this logic.