Activision Blizzard Goes 'Indie', Buys Vivendi Stake for $8.2 Billion
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Comments
12
Friday, July 26, 2013 @ 03:40 AM
So what will this mean in the grand scheme of things?Friday, July 26, 2013 @ 03:42 AM
If I could just magically get given £1million of that wealth being thrown around...Friday, July 26, 2013 @ 03:43 AM
Bascially it works better for Activision Blizzard cause Vivendi are douchesFriday, July 26, 2013 @ 03:58 AM
This is good because Vivendi wanted to take billions away from Activation to pay off there other debts. But now they cannot do this because they don't own the company. Hopefully we will see the money saved invested into games.Friday, July 26, 2013 @ 04:11 AM
Thank God. Now Kotick can make more money. The world is a great place.Friday, July 26, 2013 @ 04:31 AM
Fuck Activision!Friday, July 26, 2013 @ 08:09 AM
This better not interrupt the development of Starcraft 2: Legacy of the Void.Friday, July 26, 2013 @ 10:14 AM
Im curious, has it been Vivendi that has been pulling all the strings? Telling Activision to milk Call of Duty, or is that just Activision being greedy and wanting as much money as possible?Friday, July 26, 2013 @ 04:17 PM
They think cod is gonna make them their money back ha actually with all the dumbasses out there they probably willFriday, July 26, 2013 @ 06:42 PM
I just hope something good comes from all this.Friday, July 26, 2013 @ 09:58 PM
man my share prices just went through the roof
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Friday, July 26, 2013
Activision Blizzard is an independent company once again after buying itself back from Vivendi in a deal worth $8.2 billion.
Along with a group of outside investors, the World of Warcraft and Call of Duty publisher will buy 439 million shares from the French media conglomerate for $5.83 billion.
Additionally, a group led by Activision CEO Bobby Kotick and co-chairman Brian Kelly will buy 172 million shares worth $2.34 billion. Kotick and Kelly chucked in $100 million of their own cash.
Vivendi, meanwhile, will continue to hold 12 per cent of the shares.
"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," said Kotick, adding that Activision Blizzard will "emerge even stronger" following the deal.