Santa Monica, Calif. - Video game publisher Activision (NASD: ATVI) has announced that its shareholders have approved its proposed $1.7 billion merger with Vivendi Games, with 92% voting in favor of the transaction.

As a result of the merger, Vivendi Games, the parent company of "World of Warcraft" developer Blizzard Entertainment and Sierra, will become a wholly-owned subsidiary of Activision.

Vivendi will own approximately 52% of the combined company, which will be renamed Activision Blizzard, and continue to trade on the Nasdaq under the ticker symbol "ATVI."

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