Also in this playlist...
This transcript is automatically generated
Video games Activision Blizzard in -- six billion dollar idea -- back most of itself from its parent company Vivendi.
David -- look at this now -- Straight -- you know -- shares of Activision Blizzard that -- popping up as much as 15% today I had planned appliance freedom.
Hitting a 52 week high at one point in right now there like -- 14%.
To Activision is the maker of call of duty another big mega mega hits in the video game business.
Which is every bit as -- -- now as the movie business now it proposes paying Vivendi.
Five point eight billion dollars to buy back all but a 12% stake from the French company.
But here's the weird thing.
The price is thirteen dollars and sixty cents a share.
And I can be right now -- -- -- over seventeen dollars that they get 27% higher price than the deal price and it could mean the market believes another.
And better bid could emerge and here's an even weirder element.
Activision CEO Bobby -- -- got.
And the co chairman they lead an investor group that is buying a 24% stake in their company from Activision itself.
And their price is only thirteen dollars sixty cents a share as well that could spark a fire fight to rival anything and call of duty in -- the video.
Has been in trouble and selling off assets Wall Street Journal says it was pushing to force Activision to pay eight Vivendi a dividend of more than three billion dollars in cash wiping out most of the four billion or so that that company now has now this buyout deal -- that -- But you gotta wonder whether other shareholders will complain that -- and company are getting a sweetheart deal why would the companies sell them shares and only thirteen bucks when the public market values that stock at seventeen dollars can we solve a hard time that other shareholders gave Michael Dell of Dell computer when he tried to -- his company on the -- Not Activision defend that thirteen dollar price that's higher than the historical average for Activision.
But come on guys what have you done for me lately not enough for him and I thank.
Yeah I like that body -- and you know I saw him a year ago in some valley as that you ought to -- a buyout of the -- I'm done I'm done well normally I'm behind it didn't -- That's all about fan -- millionaire beat up at -- -- thanks Dennis thank you Dennis.
Filter by section