Latest in Gaming

Image credit:

Activision-Blizzard separates itself from Vivendi for $8.2B


Activison-Blizzard is splitting from its parents company Vivendi. In a deal reached today, Activision-Blizzard will buy itself from Vivendi for $8.2 billion in share acquisition. After the split, Activision-Blizzard will be a public company (still), and will have Bobby Kotick (still) as the CEO.

There is no indication anything will be changing at Blizzard (and there is no reason for it to, either).

This move comes on the news that Vivendi was considering using Activision-Blizzard's cash reserves to pay down its massive debt. Given the split is happening, well, that's out of the picture in many ways (at least directly, who know what's they'll do with the money they're getting).

More information is available from Joystiq, Polygon, and The New York Times.

This story is developing...

From around the web

ear iconeye icontext filevr