Billion Dollar Deal Sees Acitivision Blizzard Breaks Off From Media ...

By Pashford MuranoPublished: 25 July 2013 11:32 PM UTC

Posted in: Indi Games, News, Nintendo News, Online, Online News, PC, PC Games, PC News, Playstation News, PS3, PS3 Games, PSP, PSP Games, Social Gaming, Video Games, Vita, Wii, Wii Games, Xbox 360, XBOX Live, Xbox News

Tags: activision, Billions, blizzard, Bobby Kotick, call, call of duty, Dollars, duty, Pashford, Pashford Murano, Vivendi, warcraft, world, world of warcraft

In a move that is sure to effect millions of gamers in the coming years, Activision Blizzard has finally broken away from Vivendi as an independant video game publisher in a deal worth $8.2 Billion dollars.

In an article posted on Gamasutra, ?we find that the deal had been in the making for some time, with Activision Blizzard seeking financial independence for themselves in the long haul. The deal was over seen by Activision CEO and noted public gaming figure, Bobby Kotick.

Bobby Kotick issued a statement about the deals finalization:

?We?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.?

While Bobby Kotick has received large volumes of criticisms involving harsh sentiments about developing video games, the giant that is Activision has seen a pretty substantial and stable financial profit over the past several years. With franchises like Skylanders, Call of Duty, and the still popular World of Warcraft, Activision Blizzard is in no short supply of cash cows that still have milk to give.

Rumors report, Blizzard is going to put a new pet up for download on the World of Warcraft store in the next week, to fully recoup the cost of the $8.2 billion dollar deal.

(Via Gamasutra)

Article from Gamersyndrome.com

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Source: http://gamersyndrome.com/2013/video-games/billion-dollar-deal-sees-acitivision-blizzard-breaks-off-from-media-conglomerate-vivendi/

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