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Activision buys itself back from Vivendi

Activision Blizzard has bought itself back from financially troubled majority owner Vivendi. The publisher today announced that it and an investor group led by CEO Bobby Kotick purchased more than 600 million shares back from the French media conglomerate for $8.2 billion.

Now an independent company with most of its stock held by the public, Activision Blizzard will be led by Kotick and chairman Brian Kelly. Vivendi will retain a 12 percent stake in the company with 83 million shares.

"These transactions together represent a tremendous opportunity for Activision Blizzard and all its shareholders, including Vivendi," Kotick wrote in a statement. "We should emerge even stronger—an independent company with a best-in-class franchise portfolio and the focus and flexibility to drive long-term shareholder value and expand our leadership position as one of the world's most important entertainment companies."

Kotick and Kelly personally committed $100 million to their investor group, which includes Chinese media conglomerate Tencent among others. Their group now holds about 25 percent of the company's stock.

Vivendi purchased Activision in 2007, merging the company with its Vivendi Games division to form Activision Blizzard.

15 comments

  • Dadyo238 - July 28, 2013 9 p.m.

    He slaps his dick on the keyboard in the general area of the letters he wants to type.
  • tehtimeisnow - July 26, 2013 4:16 p.m.

    yah actevisoin ftw! them and ea and rovieo is the best gane develapers out there good 2 now there diong good so they can keep giveing me the most best games of all tine
  • tehtimeisnow - July 26, 2013 11:49 p.m.

    yah u sed it zynga rules! ipohne gameing ftw!
  • Mr.YumYums - July 27, 2013 6:54 a.m.

    I always picture Steve Jobs saying what you comment. Always a good laugh.
  • Redeater - July 29, 2013 12:44 a.m.

    I like to picture a zombie Steve Jobs doing his damnedest to type coherently.
  • shawksta - July 26, 2013 1:13 p.m.

    Mystery of the Druids.jpg
  • GoldenEagle1476 - July 26, 2013 1:43 p.m.

    Stop sucking Kotick's dick.
  • Bloodstorm - July 26, 2013 2:24 p.m.

    You confuse Publisher survival with Developer survival. 1 does not equal the other.
  • BladedFalcon - July 26, 2013 11:26 a.m.

    Oh yay... more power for Kotick, that's fucking wonderful.
  • StrayGator - July 26, 2013 11:23 a.m.

    Activision - an independent development house. Party like it's 1979.

Showing 1-15 of 15 comments

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