Activision and Vivendi join forces!
Today two of gamings biggest names announced that they will be joining forces to create a new company in a deal which is rumored to be worth an estimated $18 Billion.
Activision, who offered up such games as Call Of Duty and the Tony Hawk series have, along with Vivendi (of World of Warcraft fame) revealed that the new company will be going forward under the ‘Activision Blizzard’ name.
Jean-Bernard Lévy from Vivendi said:
“This alliance is a major strategic step for Vivendi and is another illustration of our drive to extend our presence in the entertainment sector. By combining Vivendi’s games business with Activision, we are creating a worldwide leader in a high-growth industry. We are excited about the opportunities for Activision Blizzard as a broader entertainment software platform. We believe this transaction will create significant value for Activision Blizzard and Vivendi stockholders. In Activision, we have found a partner with a highly complementary business and strong operating team. Bobby Kotick and Brian Kelly are industry pioneers, well known for creating shareholder value. The combined strength of the existing management teams at both companies will set the stage for further profitable growth of Activision Blizzard. We look forward to being an active and supportive majority stockholder in a company that is poised to lead the worldwide interactive entertainment industry in the years ahead”
So a new beginning for the two companies, be sure to keep it on Console Monster for more!