In a hugely expensive (if that does it justice) financial leap, Activision Blizzard has bought its freedom from parent company for Vivendi for a whopping $5.8 million dollars.
Vivendi’s 52 percent stake in Activision Blizzard has now been reduced to 12 per cent following the split. Vivdeni first merged with Activision Blizzard in the year of 2008. With Vivendi mostly out of the picture, Activision head honcho Bobby Kotick is now the head of the entire company.
The total sum the split has cost Activision is a much larger sum than the initial price however. As Activision Blizzard broke off from Vivendi for $5.8 million, the company had to buy back the 429 million shares. On top of this, Kotick and chairman Brian Kelly bought 172 million shares for $2.4 billion which brings the sum up to the $8 billion marker which is impressive by any standard.
Speaking about the…
View original post 122 more words