Activision Blizzard

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Activision Blizzard
Activision Blizzard Logo.png
Video game holding company
Type

Public

Traded as

NASDAQ: ATVI

Industry

Video games

Founded

July 9, 2008

Headquarters
Area served

Worldwide

Key people

Brian Kelly (Chairman)
Thomas Tippl (Vice Chairman)
Bobby Kotick (CEO)
Coddy Johnson (President and COO)
Spencer Neumann (CFO)

Products

Activision:
Call of Duty series
Destiny series
Blizzard Entertainment:
Diablo series
Hearthstone
Heroes of the Storm
Overwatch
StarCraft series
Warcraft series
King Digital:
Candy Crush Saga

Divisions
Website

Activision Blizzard is the holding company formed from the merger of Blizzard Entertainment's then-owner Vivendi Games and Activision, the video game producer behind Call of Duty. The merger was finalized on July 9, 2008.[1][2] Vivendi became the majority shareholder of Activision Blizzard[3] with 54% of the stock.[1]

Almost no changes occurred at Blizzard Entertainment, and it and Activision continue to exist as separate entities under the Activision Blizzard umbrella.[4] The holding company does not publish games under its central name and instead uses its subsidiaries to publish games, similar to how Vivendi Games operated before the merger.[5] Blizzard Entertainment, Inc. remains as Blizzard's brand.[6]

Split from Vivendi

On July 25, 2013, Activision Blizzard announced that it would purchase 429 million shares from Vivendi for $5.8 billion. This purchase was financed with $1.2 billion of cash that was on hand and $4.6 billion of debt proceeds, leaving them with a $1.4 billion of net debt at the end of the deal in September 2013. An investment group that includes Bobby Kotick and Brian Kelly (who put up $100 million together), as well as Tencent and other partners, purchased 172 million shares for $2.3 billion. This group owned 24.9% of the company, and Vivendi retained ownership of 83 million shares (12%) of the company.[7][8] By January 15, 2016, Vivendi had sold the remainder of its shares.[9]

References

External links