Considering their the world’s largest video game publisher it’s almost a steal…
After purchasing back $8.2 Billion worth of shares from Vivendi, Activision Blizzard is now a properly independent company. A majority of the company is now owned by public shareholders. From CEO Bobby Kotick:
“With the completion of this transaction we open a new chapter in the history of Activision Blizzard. We expect immediate shareholder benefits in the form of earnings-per-share accretion and strategic and operational independence. Our audiences and our incredibly talented employees around the world will benefit from a focused commitment to the creation of great games. Our shareholders and debt holders will have the benefit of an energized, invested, deeply committed management team focused on generating long-term, superior returns and effectively managing our capital structure.”
After trying (and failing) again this past May to offload Activision Blizzard, it would appear Vivendi finally found the perfect buyer. It never completely made sense to me why exactly Vivendi wanted to part with a profitable business, but now investors have less potential uncertainty to worry about now that A/B is a solo venture. With Skylanders: Swapforce, COD: Ghosts, and Destiny on the horizon I think shareholders will be in for a pretty decent year.
Full PR after the jump.
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