Blizzard 8.2 billion Dollar "freedom" success

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At the end of July this year, when Blizzard reported its second-quarter earnings announcement, the Blizzard announced that it had reached a share repurchase agreement with its French parent, Bobby Col, to buy 429 million shares from the Prestige Di, the incumbent Blizzard chief executive, Kotick. ASAC II LP, the investment group led by Blaine Cory, the co-chairman, bought 172 million shares of shares in 2.34 billion dollars, with a total repurchase agreement amounting to $8.17 billion trillion. The repurchase case was not smooth, because some shareholders sued the parties to the transaction, that the repurchase case is illegal, according to the rules should be voted by the shareholders, the United States Delaware State High Court to suspend the repurchase case ban, and to proceed with the prosecution.

Until yesterday, the lawsuit was dismissed by the court, waiting for two months to see Blizzard officially announced the completion of the repurchase case, the spokesman said the repurchase case was scheduled to be completed on October 15, although the impact of the prosecution, but still in the earlier than the original plan. There are also insiders said that the reason why the blizzard rushed to sue a lawsuit was dismissed immediately announced the completion of repurchase, but also to avoid nights, complications.