Originally announced in late 2007, the merger was approved by shareholders earlier this week. The new Activision Blizzard corporation is valued at roughly $18.9 billion, marking one of the largest corporate consolidations in the industry's history.
"We are very excited about the opportunity for Activision Blizzard to create a broader entertainment software platform," said Activision Blizzard chairman Rene Penisson. "We are determined to 'think big'!"
According to the terms of the transaction, Vivendi will become a wholly-owned subsidiary of Activision. Through the merger and a $1.7B stock purchase, Vivendi will acquire roughly 358.3 million shares in the new company, amounting to a 52% ownership stake in Activision Blizzard.
Makes you wonder whose business strategy becomes dominant. I hated Vivendi's moves with a passion; it's what pissed off gamers years ago, and it's what drove Valve away.
I don't have much good insight on the business-dev relationship, but to me, Activision seemed to be good at playing "hands-off" with Id and Raven, but the stuff from Activision Value and some of their other owned developers seemed to suffer.
whatever the shareholders wants, the shareholders gets
Not trying to start a console vs pc thing going on but wasn't there some news item stating that Activision gets a major portion of their profits from 360? Same as every other publisher it seems.
Wouldn't surprise me if Blizzard was asked/forced to make a console game(s), even bring back Ghost. Which is fine, as long as they also keep making PC games. But not like Bioware where they make 1 pc game for every 2-3 on console.