Game developer Activision Blizzard pulled off a surprise when it announced earnings that topped expectations from Wall Street analysts.
Vivendi, a French mass media company, said it would acquire USD2.7 billion of its U.S. dollar-denominated debt after it received payment for its stake sale in Activision Blizzard.
The bid for independence of Activision Blizzard from Vivendi is still subject to shareholder approval.
Skylanders action figures sales surpass all action-figure sales in the US and Europe, according to Activision Publishing.
Activision Blizzard Inc's CEO Bobby Kotick said that the video game publisher would conduct "business as usual."
Activision Blizzard along with a group led by its CEO, announced that they are set to buy back Vivendi's controlling stake in the company for US$8.17 billion
Vivendi explored other options to get cash from its Activision Blizzard arm after failed sale of a part of its 61% stake in the US video games business.