Activision Blizzard Announces Receipt Of Further Irrevocable Undertakings Related To Proposed Acquisition Of King Digital Entertainment

Activision Blizzard, Inc. (Nasdaq:ATVI) announced today that in relation to the Company's proposed acquisition of King Digital Entertainment, previously announced on November 2, 2015, Activision Blizzard, Inc. and ABS Partners C.V. have received irrevocable undertakings from a majority in number of the holders of restricted shares (the " Restricted Share Irrevocable Undertakings"). The Restricted Share Irrevocable Undertakings are given by such persons in their capacity as holders of restricted shares and provide that they will vote in favour of the resolutions to be considered at the relevant class meetings relating to approval of the scheme of arrangement in respect of their entire beneficial holdings of restricted shares (as applicable) amounting to, in aggregate, 513,646 restricted shares which represents approximately 77.31% of the issued restricted share capital on November 10, 2015 (being the date of this announcement).

The Restricted Share Irrevocable Undertakings will lapse and cease to be binding if the transaction agreement between King Digital Entertainment plc, Activision Blizzard, Inc. and ABS Partners C.V. dated November 2, 2015 (the " Transaction Agreement") is terminated in accordance with its terms.

In addition, following a request from the Irish Takeover Panel, we are happy to clarify the circumstances in which the irrevocable voting undertakings received from Messrs. Riccardo Zacconi, Stephane Kurgan and Sebastian Knutsson and Bellaria Holding S.à r.l. and Mr. Thomas Hartwig (the " Irrevocable Undertakings") and Messrs. Robert Miller, Marcus Jacobs, Tjodolf Sommestad, Nicholas Pointon, Ms. Frances Williams and Jill Kyne (the " Linked Share Irrevocable Undertakings"), which were further described in the Rule 2.5 Announcement dated November 2, 2015 (the " Rule 2.5 Announcement") will lapse and cease to be binding.

The Linked Share Irrevocable Undertakings will lapse and cease to be binding if the Transaction Agreement is terminated in accordance with its terms. The Irrevocable Undertakings will lapse and cease to be binding if: (i) the Transaction Agreement is terminated in accordance with its terms; (ii) the offer by way of scheme of arrangement announced in the Rule 2.5 Announcement lapses or is withdrawn (other than in circumstances where there is a switch from a scheme of arrangement to a tender offer) with, to the extent required, the approval of the Irish Takeover Panel or the High Court of Ireland; or (iii) if the scheme of arrangement (or following any switch to a tender offer, such tender offer) does not become effective or complete by the "End Date".

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