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Activision Blizzard Buy Themselves For $8 Billion

Author:
Jonathan Lester
Category:
News
Tags:
Activision, Activision Blizzard, Buyout, Shares, Vivendi

Activision Blizzard Buy Themselves For  Billion

Vivendi have managed to sell Activision to... erm... Activision.

Following months of rumours that Vivendi was looking to offload the massive publisher, Activision has managed to field a whopping $8.2 billion (including $100 million directly from CEO Bobby Kotick and Chairman Brian Kelly) in order to purchase 601 million shares. Those are impossibly big numbers, but when all's said and done, Activision now own a majority stake while Vivendi only control 12%. Meaning, effectively, that they can operate independently.

You can read the full legal document here, if you like.

Kotick described the move as a "tremendous opportunity" for Activision Blizzard. "We should emerge even stronger," he stated, "an independent company with a best-in-class franchise portfolio and the focus and flexibility to drive long-term shareholder value and expand our leadership position as one of the world's most important entertainment companies.

"The transactions announced today will allow us to take advantage of attractive financing markets while still retaining more than $3 billion cash on hand to preserve financial stability."

Functionally, this probably won't affect much for us consumers.

Add a comment4 comments
googleberry  Jul. 26, 2013 at 10:24

Wonder if that means we'll see more CoD and less innovation in order to recoup the cash drain, or a creatively unshackled publisher, willing take more risks with their new independence.

Quietus  Jul. 26, 2013 at 11:06

@googleberry: The industry standard - they'll go where the money is.

Late  Jul. 26, 2013 at 11:11

Wonder if that means we'll see more CoD and less innovation in order to recoup the cash drain, or a creatively unshackled publisher, willing take more risks with their new independence.


We're no longer working for a load of faceless shareholders, who are only interested in making money, and don't care about our creativity. We now work for ourselves! Woohooo - we can make what we want. Umm... what exactly do we want?... Money sound good?... Yeah, money sounds good! Let's re-release the same CoD we've released for the last 7 years or so, but this time with six DLC map packs a year instead of four! And charge an annual fee for Elite, as well as charging for the DLC! We'll be minted! :D Then we'll have the financial freedom to really get creative and make real games for real gamers next year. Maybe the year after - build up a bigger cash pot first. Or you know what'd be better. The year after that...


[/cynic]

Breadster  Jul. 26, 2013 at 15:27

"Best in class franchise portfolio" - CoD and World of Warcraft accounts for virtually all the money they make...

Have they actually released anything else recently? The last thing I remember seeing their name on besides CoD and WoW was probably Prototype 2, and I'm pretty sure they disbanded the studio that made that anyway.

In any case, I couldn't care less what Activision get up to these days.

Last edited by Breadster, Jul. 26, 2013 at 15:29

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