It seems that Activision Blizzard
just can't wait to get free of Vivendi
. Not that the company is eager, but it literally cannot wait. The publisher had planned to essentially buy itself
from its parent company, but following objections raised by a stockholder, the deal was put on hold by court order
. Now the company has filed an emergency appeal
, claiming that if the deal doesn't go through now, the company will have lost its window for self-ownership.
According to the appeal, it will not be possible to obtain a shareholder vote before October 15th, which is when the deal automatically terminates. This vote by non-Vivendi shareholders is a necessity for the deal to go through, and Activision Blizzard representatives state that this injunction leaves the company in limbo and jeopardizes an $8 billion exchange. The court has scheduled a hearing for October 10th -- a hearing that looks to either make or break the deal as a whole.