The merger between Activision and Vivendi Games has been approved, and expected to be finalized as early as tomorrow.

Here’s where things get a little confusing: Vivendi will receive approximately $295.3 million worth of Activision stock, while purchasing $1.7 billion worth of shares, giving Vivendi about 51-53% ownership (my math is sketchy) in the new Activision Blizzard.

Now, maybe this is me speaking from ignorance, but doesn’t this mean that Vivendi is now the majority shareholder over Activision? That just seems odd to me, for whatever reason.

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