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Activision-Blizzard Takes Its Money And Runs

by on 07/26/2013
 

When French media parent company Vivendi was rumored to be thinking about taking three billion dollars from the four billion dollar offshore piggy bank accounts of Activision-Blizzard [creators of the massively popular “Call of Duty” video game series] to help pay off their whopping $17 billion dollar debt, A-B decided instead, that they would take their money and buy back shares of themselves in a quest to go independent. A-B has purchased, in two separate transactions, 601 million shares of Vivendi for eight billion dollars and will go independent when the transaction is completed in September.
Vivendi retains 12% ownership of Activision-Blizzard, which will have its “Call of Duty: Ghosts” video game debut for Microsoft’s Xbox One and Sony’s PlayStation 4 video game consoles in November.

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