Vivendi and Activision have announced that the merger of the two companies that would see the creation of a new company called Activision Blizzard, has been approved by their shareholders, with a vote 92% in favor of the merger.

LOS ANGELES (Reuters) - Activision Inc (ATVI.O: Quote, Profile, Research, Stock Buzz) shareholders approved a deal on Tuesday to merge with French telecommunications and media group Vivendi SA's (VIV.PA: Quote, Profile, Research, Stock Buzz) games unit, creating a public company called Activision Blizzard.

Activision said 92 percent of shares voted were in favor of the merger, which is expected to close on July 9 .

The deal gives Vivendi, creator of "World of Warcraft," a 52 percent ownership stake in the new company that would have annual revenue of $3.8 billion and more heft to take on Electronic Arts Inc (ERTS.O: Quote, Profile, Research, Stock Buzz), the world's biggest independent game publisher.
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