EU approves Vivendi and Activision deal

French telecom and media group Vivendi won permission from the European Commission on Wednesday to merge its videogame unit with Activision in a $9.85 billion deal.

The complex deal will give Vivendi a 52 percent stake in a new industry giant called Activision Blizzard with annual revenue of $3.8 billion, rivaling that of Electronic Arts, the world's biggest independent game publisher.

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