Gamasutra is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
May 20, 2019
arrowPress Releases

If you enjoy reading this site, you might also want to check out these UBM Tech sites:

Activision Blizzard officially spins off from (now-former) parent Vivendi

Activision Blizzard officially spins off from (now-former) parent Vivendi

October 14, 2013 | By Kris Graft

Activision Blizzard is now officially an independent company.

The home of World of Warcraft, Call of Duty and other game industry-leading franchises on Friday said it has completed its previously-announced buyback of shares from Vivendi, the French media conglomerate and Activision Blizzard's (now-former) parent company.

For Activision Blizzard, the deal, valued at $8.2 billion, means the video game company will no longer be on the leash of a larger conglomerate whose interests are in media outside of video games.

"With the completion of this transaction we open a new chapter in the history of Activision Blizzard," said Activision Blizzard CEO Bobby Kotick.

The company bought back shares totaling $5.83 billion, combined with a share purchase totaling $2.34 billion from an independent investor group led by Activision Kotick and co-chair Brian Kelly. While Activision Blizzard is independent in that it's no longer owned by a parent company, the majority of the company’s shares will be owned by the public. Vivendi still has a 12 percent stake in the company.

When Actvision Blizzard announced the deal in July this year, the plan was to have it finalize in September. But certain shareholders, who said the sale benefited only a small group of investors, temporarily halted the deal.

Related Jobs

Deep Silver Volition
Deep Silver Volition — Champaign, Illinois, United States

Technical Artist - Cinematics
Insomniac Games
Insomniac Games — Burbank, California, United States

Lead Character TD
Flight School
Flight School — Montreal, Quebec, Canada

Game Programmer
Sucker Punch Productions
Sucker Punch Productions — Bellevue, Washington, United States

QA Manager

Loading Comments

loader image