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on July 28, 2013 in World News

Vivendi Sells Stake in Activision for $8.2 billion

Vivendi SA is selling most of its majority stake in Activision Blizzard Inc. for $8.2 billion, giving the video game company back its independence as the French conglomerate tries to strengthen its balance sheet. Vivendi said Friday that 429 million of its shares will be sold to Activision itself for $5.83 billion, or $13.60 per share. Another 172 million shares will be sold for $2.34 billion to a consortium of investors including Activision CEO Bobby Kotick and Co-chairman Brian Kelly, who are contributing $100 million each. Santa Monica, Calif.-based Activision makes games such as “World of Warcraft” and the...

Vivendi SA is selling most of its majority stake in Activision Blizzard Inc. for $8.2 billion, giving the video game company back its independence as the French conglomerate tries to strengthen its balance sheet. Vivendi said Friday that 429...

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on July 28, 2013 in World News

Chicago Hosts Emergency Dem Gun Control Summit

Chicago Hosts Emergency Dem Gun Control Summit Democratic representatives who are also members of the Congressional Black Caucus (CBC) gathered in Chicago on July 26 to discuss “urban shootings” and “bring attention to an issue they say has reached epidemic levels.” They represented their gathering as “a new chapter in the decades-old fight to tackle inner-city violence.” It is one they hope will take up the slack they see following gun control’s April defeat in the Senate. According to The Hill, Rep. Bobby Rush (D-IL) said the gathering “will shine light on the burgeoning problem of gun violence in Chicago… View Article

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on July 28, 2013 in World News

Colorado Police Gun Buyback Program Canceled

Colorado Police Gun Buyback Program Canceled over State’s Strict Gun Laws All across the country police departments have sponsored gun buyback programs for the purpose of “getting guns off the streets.” But one buyback event in Boulder, CO had to be canceled because the state’s new gun laws are so strict that the police can’t even navigate the law to sponsor the program. The event was canceled by Boulder County Sheriff Joe Pelle, who sadly had to inform the community that Colorado’s new gun laws made it “nearly impossible” to follow the law. One of the strict new laws that… View Article

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