MoPCinematic_WoW_Blog_Carousel_GL_640x300

It looks like Activision Blizzard CEO Bobby Kotick has led a buyout of the company from its previous controlling shareholder, Vivendi. Activision Blizzard purchased 439 million shares from Vivendi for $5.83 billion while Kotick’s investment group purchased 172 million shares worth $2.34 billion. This investment group includes Davis Advisors, Leonard Green & Partners, Tencent, and Brian Kelly as its co-chair (alongside Kotick). After this transaction is completed, Vivendi will still own about 12% of the company.

“This transaction uniquely benefits the public shareholders,” Kotick said in an interview. “The commitment that we have from Vivendi to continue as a shareholder shows their enthusiasm for the business. My investment shows I’m committed and enthusiastic about the prospects of the business.”

Related Articles

About author View all posts Author website

Jerry Paxton

A long-time fan and reveler of all things Geek, I am also the Editor-in-Chief and Founder of GamingShogun.com