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Stock Market & Financial Investment News

News Breaks
July 16, 2014
11:47 EDTVIVHY, ATVIVivendi almost fired Activision CEO over buyout, Bloomberg says
Activision Blizzard (ATVI) CEO Robert Kotick was nearly fired after he demanded that he head a group helping to buy out most of Vivendi's (VIVHY) share in the video-game firm he led, according Bloomberg citing court filings. Reference Link
News For VIVHY;ATVI From The Last 14 Days
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November 21, 2014
07:37 EDTATVIActivision Blizzard Q4 likely tracking ahead of guidance, says Pacific Crest
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November 20, 2014
11:04 EDTATVIActivision game sales make Q4 estimates look conservative, says Piper Jaffray
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November 19, 2014
17:05 EDTATVIActivision Blizzard's World of Warcraft game surpasses 10M subscribers
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16:42 EDTVIVHY, ATVIActivision Blizzard to receive $275M in settlement
Activision Blizzard (ATVI) announced that an agreement has been reached to settle the consolidated derivative and class action shareholder case stemming from the October 2013 purchase by the company and an investor group of 88% of Vivendi SA’s (VIVHY) shares in the company. The settlement is subject to completion of appropriate documentation and approval by the Delaware Chancery Court. Multiple insurance companies, along with various defendants, will pay Activision Blizzard $275M. The company believes the settlement, which acknowledges no wrongdoing by any party, is in the interest of all stakeholders. The board stated: “The transaction, structured through the efforts and significant personal investment of Bobby Kotick and Brian Kelly, has contributed to the creation of over $3B of value for shareholders. We are pleased to be able to put this matter to rest.” Other terms of the settlement include the addition of two unaffiliated company directors, payment of reasonable and customary fees and costs of plaintiff’s attorneys by the Company, an adjustment of voting rights and a global release of all claims against the defendants. The October 2013 transaction was approved by Vivendi SA and the company’s board following a recommendation of a Special Committee of independent directors formed by the board to negotiate the transaction on behalf of the company.
07:11 EDTVIVHYSanofi drawing up list of CEO candidates to repalce Viehbacher, Reuters reports
Sanofi's (SNY) board is in the process of drawing up a short list of CEO candidates to replace Chris Viehbacher, sources tell Reuters. Jean-Rene Fourtou, a Sanofi director and the honorary chairman of media group Vivendi (VIVHY), has been selected to lead the appointments and governance committee that will select the next CEO. Smith & Nephew (SNN) CEO Olivier Bohuon, AstraZeneca (AZN) CEO Pascal Soriot and former Wyeth CEO Bernard Poussot have been rumored to be potential contenders for the CEO position. Reference Link
November 14, 2014
11:58 EDTVIVHYVivendi reports Q3 EBITA EUR 310M vs. EUR 295M last year
Reports Q3 revenue EUR 2.41B vs. EUR 2.43B last year. Vivendi (VIVHY) said, having received the authorization granted by the French Competition Authority on October 27, the completion of the merger between SFR and Altice/Numericable Group should take place on November 27. In addition, following the agreement signed on September 18, the completion of the acquisition of GVT by Telefonica (TEF) is expected during the second quarter of 2015.
09:05 EDTATVINPD says U.S. video game sales down 27% in October, Bloomberg reports
U.S. retail sales of video-game hardware and software in October were nearly flat compared to the same month of last year at $790.7M, according to NPD Group, which noted that game sales fell 27% and hardware sales increased 59%, reported Bloomberg. Publicly traded companies in the space include Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME) and Take-Two (TTWO). Game console makers include Microsoft (MSFT), Sony (SNE) and Nintendo (NTDOY). Reference Link
05:52 EDTATVIOctober NPD video game software sales fell 27%, says Piper Jaffray
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November 12, 2014
14:42 EDTATVIActivision Blizzard management to meet with MKM Partners
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November 10, 2014
15:57 EDTATVIWorldwide Business Research to hold a conference
ProcureCon for Digital & Marketing Services 2014 is being held in San Antonio on November 11-13.

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