Another day, another rapid consolidation: Activision announced today they arrived at the decision during a stockholder meeting to merge with Vivendi Games. The deal was originally announced in December, and today the proposals required to effect the transaction received more than 92 percent of the shares voted. The transaction is expected to close sometime today.

In effect, Vivendi (which is the parent company of Blizzard and Sierra), will become a wholly-owned subsidiary of Activision. Vivendi will receive about 295.3 million newly issued shares of Activision's common stock, and will then purchase about 62.9 million at $27.50 per share for roughly $1.7bn in cash. What's all this mean? A total Vivendi ownership stake in Activision Blizzard of approximately 52%.

Once the deal is done, Activision will be officially renamed Activision Blizzard and will operate as normal as a public company.