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Activision have announced that they have received approval from their shareholders to merge with Vivendi Games, who consist of most notably Blizzard Entertainment and Sierra. The newly formed partnership will do business under the name Activision Blizzard. Here's a short insert taken from their press release:

SANTA MONICA, Calif., Jul 08, 2008 (BUSINESS WIRE) -- Activision, Inc. (Nasdaq: ATVI) today announced that, at a special meeting of stockholders held earlier today, it received the stockholder approval necessary to consummate the company's agreement with Vivendi, S.A. to combine Vivendi Games, Vivendi's interactive entertainment business, with Activision's businesses. All of the proposals required to effect the transaction received more than 92 percent of the shares voted. The transaction is expected to close on or around July 9, 2008. Activision and Vivendi Games will combine their businesses through the merger of a newly formed, wholly-owned subsidiary of Activision with and into Vivendi Games. As a result of the merger, Vivendi Games, the parent company of Blizzard Entertainment and Sierra, will become a wholly-owned subsidiary of Activision. Vivendi will receive approximately 295.3 million newly issued shares of Activision common stock...

So it looks like the deal first announced late last year, has been successfull. They are both great publishing houses, so hopefully a joint venture will lead to a better gaming experience. Their website shows they have the same idea:

The combination of Activision and Vivendi Games, Activision Blizzard, will create the world's largest, most profitable pure-play video game publisher with some of the most popular titles in the industry, including Guitar Hero, Call of Duty, Tony Hawk, World of Warcraft, Starcraft and Diablo.