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Activision Blizzard and its CEO Kotick Buyout From Vivendi

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    Activision Blizzard and its CEO Kotick Buyout From Vivendi




    Activision Blizzard Inc. (ATVI) and a group led by Chief Executive Officer Bobby Kotick agreed to buy most of Vivendi SA (VIV)’s stake in the company, the biggest U.S. video-game publisher, for $8.17 billion. The stock soared.

    The maker of “Call of Duty” and “World of Warcraft” will take on debt to purchase shares held by Paris-based Vivendi for $13.60 each, or $5.83 billion. Kotick and partners including co-Chairman Brian Kelly, Chinese game maker Tencent Holdings Ltd. (700), Leonard Green & Partners, Davis Advisors and Fidelity Management & Research Co., will pay $2.34 billion, according to a statement yesterday and a company filing.

    The accord ends five years of control over Activision by the French media and telecommunications company, and months of uncertainty for the Santa Monica, California-based video-game company as its departing parent sought ways to reduce debt. Activision and Kotick are buying out Vivendi at a 10 percent discount to yesterday’s closing price and said the terms would lead to faster profit growth this year.

    Read more at the source - http://www.bloomberg.com/news/2013-0...7-billion.html

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    This is interesting news, but your title is rather confusing. At first I was shocked, because it suggests that Vivendi are buying out Activision.
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    I hate long thread titles and try to make them short as possible.

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    Just remove the "From" and problem solved.
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    activision didn't buyout vivendi, they bought themselves out from vivendi.

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    LOL. I read the article twice, but I somehow missed that (it was 1:30 though). I never knew that they were owned by Vivendi.
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    Quote Originally Posted by JoostinOnline View Post
    LOL. I read the article twice, but I somehow missed that (it was 1:30 though). I never knew that they were owned by Vivendi.
    I kind of thought you were missing something.

    I think that Activision was the first 3rd party game developer. In the beginning, Activision was formed by a few guy that worked Atari. They left their Atari jobs and formed Activision. That was a long time ago, I think around 1980. The first Activision game that I played was Pitfall for the Atari 2600, that was a popular game when it was first released.

    Another interesting bit of info, did you know that Atari released games for the NES, but under a different name, Tengen. Tengan tetris is one of the most sought after games for the NES.
    Last edited by stomp_442; 07-28-2013 at 11:36 AM.

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