Skip to main content

Activision-Blizzard Completes Purchase from Vivendi

Over the weekend, Activision-Blizzard announced that it had completed its shares buyout deal with Vivendi. The company itself bought up 429 million shares from Vivendi for $5.83 billion. A separate investment group, led by CEO Bobby Kotick, bought up another 172 million shares for $2.34 billion, giving Activision-Blizzard a 61% majority sharehold in itself. 

“With the completion of this transaction we open a new chapter in the history of Activision Blizzard,” stated Kotick in regards to the deal. “We expect immediate shareholder benefits in the form of earnings-per-share accretion and strategic and operational independence. 

“Our audiences and our incredibly talented employees around the world will benefit from a focused commitment to the creation of great games. Our shareholders and debt holders will have the benefit of an energized, invested, deeply committed management team focused on generating long-term, superior returns and effectively managing our capital structure.” 

This buyout scheme had been formulated back in late July this year, but a minority shareholder filed a lawsuit in hopes of blocking the buyout. Douglas Hayes, the angry shareholder in question, had slapped down the lawsuit on the grounds that the Activision-Blizzard buyout couldn't go down without a minority stakeholder vote. A few days ago, the Delaware Supreme Court gave Vivendi and Activision-Blizzard the green light, declaring that no vote was necessary since it was a share re-purchase.  

In any case, Activision-Blizzard now owns itself. Whether or not this means the company will change up the way it deals with its portfolio of IPs remains to be seen. 

Follow us @tomshardware, on Facebook and on Google+.

  • mobrocket
    15 COD map packs coming to make back the cash spent...
    Reply
  • Memnarchon
    Now if only Blizzard could seperate from Activision...
    Reply
  • spartanmk2
    Now Blizz just needs to buy itself out from under Kotick's boots.
    Reply
  • kartu
    Maybe Vivendi should by itself from itself, to achieve even higher level of freedom...
    Reply
  • MANOFKRYPTONAK
    I like this The more freedom Blizzard has to govern itself the better the video games :)
    Reply
  • MANOFKRYPTONAK
    I like this The more freedom Blizzard has to govern itself the better the video games :)
    Reply
  • MANOFKRYPTONAK
    I like this The more freedom Blizzard has to govern itself the better the video games :)
    Reply
  • gibbousmoon100
    With Kotick in the captain's chair, you can expect very little change. His priorities are and always will be his shareholders, not product quality.
    Reply
  • raptorkill
    And I was thinking of going Back to WoW, but if Kotick is all about profit and not consumer satisfaction then I will refrain.
    Reply
  • rantoc
    Dunno if this is good for the consumers, risk is that it will benefit the shareholders at the expense of the customers.... I dont doubt for a second that we will see more things like Diablo 4 even worse that Diablo 3 in the future along with CoD 99 with the regular 3-4 map pack upgrades for insane prices.. Milk Milk Milk - That's the current ceo's only motto!
    Reply