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Court sides with Acti-Blizz, Vivendi split moves forward
The Delaware Supreme Court has sided with Activision-Blizzard in a lawsuit that was seeking to stop the planned split from corporate parent Vivendi. The suit was filed by shareholders who believe that Acti-Blizz's bid to become an independent entity would "disproportionately benefit" CEO Bobby Kotick and "an elite group of investors," according to Gamasutra. With the legal obstacles now removed, Activision-Blizzard expects to complete the deal by October 15th.
