Earlier this year, Activision-Blizzard revealed its intention to separate from parent company Vivendi, and late last week it was announced that the videogame publisher has successfully completed the purchase of its shares to regain a majority stake.
The deal was finalised with two separate transactions with over $8 billion in company shares changing hands. Vivendi, however, retains a 12% stake in Activision-Blizzard.
Activision Blizzard CEO, Bobby Kotick, commented:
“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.”
How do you think this buy-out will affect the kinds of games that Activision-Blizzard produce in the future? Will the company’s strategy change?