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Vivendi's $8.2 billion sale was all set to go before a shareholder filed suit requesting a vote on the matter.
Game giant Activision Blizzard is taking back the firm's controlling stake in deals worth more than $8 billion.
Although its US business is humming along just fine, international expansion will provide the real growth for the video-streaming company.
The video game company, whose titles resemble Zynga's FarmVille, is selling four of its games, using the profits to help fund its ambitions to make more.
After years turning up its nose at subscription music, Apple changes its tune with the Beats acquisition. What does it mean? Jimmy Iovine, for one.
The company, which owns an $8.1 billion stake in Activision, has tried to get Microsoft to bite, but so far, has failed.
The company can now buy back Vivendi's shares without holding a shareholder vote on the matter.
Vivendi, which owns the world's largest music group, rejects the offer despite its $2 billion premium, the Financial Times reports.
EXCLUSIVE: The man behind Def Jam, who brought hip-hop to the masses, is out to create stars on YouTube through the newly-created All Def Music. And he's teaming up with the world's largest music company to do it.
The cable giant has completed its $16.7 billion deal to acquire the remaining 49 percent of NBCU from former owner General Electric.