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FEATURED VOXPOP danielrbischoff
Peace in the Era of Call of Duty
By danielrbischoff
Posted on 04/15/14
In a world dominated by violent media, Americans are no more eager to go to war than they were in the 1980s or the 1960s or the 1940s. Hasn't it always been someone else's problem? The overwhelming majority would rather go on thinking it had nothing to do with them and there...

GAMING NEWS

Activision Blizzard Buys Itself From Vivendi Universal For 8.2 Billion Dollars (With Help From Tencent)

Posted on Friday, July 26 @ 01:04:37 Eastern by

Tipster Silverstorm pinged me this evening to share the news that Activision has bought itself back from ownership in a 429 million share sale for 10% less than today's closing price. The charge was led by Bobby Kotick and Brian Kelly, among other investors picking up more than 170 million shares.

Vivendi is still holding on to a very minor stake in the company, but the majority of ownership is in management. Let's hope Activision's star continues to rise with Call of Duty, Destiny, Skylanders, and a few licensed brands in tow. Blizzard, of course, makes World of Warcraft which is still holding strong.

Interestingly enough, the group of private investors snapping up tons of shares also included Chinese net company Tencent, which also made moves on Epic Games recently.

[Thanks, Sliverstorm!]


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