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Activision Blizzard breaks up with Vivendi in a deal worth $8.2 billion

Activision Blizzard are now all alone, have separated themselves from Vivendi in a deal worth $8.2 billion

| Business, Financial & Legal News | Posted: Jul 26, 2013 10:06 am

Activision Blizzard have just broken off their relationship with Vivendi in a deal worth $8.2 billion. Activision will be purchasing $5.83 billion worth of shares back, combined with a share purchase totaling $2.34 billion from an independent investor group led by Activision CEO, Bobby Kotick and co-chair Brian Kelly.

 

TweakTown image news/3/1/31955_09_activision_blizzard_breaks_up_with_vivendi_in_a_deal_worth_8_2_billion.jpg

 

This might just sound like yet another move for a big company, but Activision Blizzard own quite a lot of hot gaming properties, such as Call of Duty, World of Warcraft, Diablo, and more.

 

What will this mean for gamers? Well, Activision CEO Bobby Kotick has said that his company "should emerge even stronger -- an independent company with a best-in-class franchise portfolio...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".

 

Kotick will continue steering the Activision ship as CEO, where Kelly will serve as chairman. Both men have contributed a combined $100 million toward the deal - you know, chump change. Kotick adds: "We are grateful for Vivendi's partnership through this period, and we look forward to their continued support".

NEWS SOURCE
Gamasutra.com

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