Del. high court clears way for Activision-Vivendi deal to close

Reuters

DOVER, Del., Oct 10 (Reuters) - The Delaware Supreme Courtswept aside a lower court order on Thursday that had haltedActivision Blizzard Inc's $8.2 billion deal to buy backits stock from Vivendi SA.

Chief Justice Myron Steele said after hearing an hour ofarguments that the court's five justices unanimously found thelower court had erred when it blocked the deal becauseActivision shareholders were not given the chance to vote on it.

The ruling clears the way for the deal to close by itsdeadline of Tuesday, when Vivendi could have walked away.

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