http://www.activisionblizzard....sReleases/pr120207.php
I'm not sure how this'll work, but I hope no franchises get screwed in the process.
I'm not sure how this'll work, but I hope no franchises get screwed in the process.
Originally posted by: TecHNooB
NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!
Originally posted by: Fenixgoon
Originally posted by: TecHNooB
NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!
Originally posted by: RandomFool
But but ..................
Does this mean Blizzard is going to start putting out sequels every year?
Originally posted by: chizow
I think its a great move for Blizzard as it never seemed they were that happy with Vivendi since the D2 days. If any dev house has proven they're autonomous of their publisher, its Blizzard. They take their time with games (LOL!), and with Activision it looks like they'll have more financial backing along with well-established inroads to the console market.
Originally posted by: Molondo
Originally posted by: chizow
I think its a great move for Blizzard as it never seemed they were that happy with Vivendi since the D2 days. If any dev house has proven they're autonomous of their publisher, its Blizzard. They take their time with games (LOL!), and with Activision it looks like they'll have more financial backing along with well-established inroads to the console market.
I can see Blizzard concentrating a little more on the consoles now.
Under the arrangement, the companies said that Vivendi would pay $27.50 a share and make a cash infusion of $1.7 billion to acquire a 52 precent stake in Activision
The combined company also plans to repurchase $4 billion worth of its shares for $27.50 a share, a move that the companies said would raise Vivendi?s stake to 68 percent.
Further, Vivendi is buying Activision while it is in the middle of a hot streak.
Vivendi and Activision said that with $3.8 billion in revenue this year, the combined company would be larger than Electronic Arts, the biggest independent game publisher today, with revenue of $3.1 billion. The two companies said they expected operating income for the new company of $1.1 billion by 2009.
The agreement values Activision shares at $27.50 each, a 24 percent premium over the close Friday of $22.15.
Says EA CEO John Riccitiello, "We bring a lot to the table ... we simplify the process of courting publishers, basically taking it to zero." He adds that EA, being the publishing giant that it is, can "reach places where [BioWare and Pandemic] don't get to so we can build their properties bigger."
Originally posted by: Vortex22
They claim this will not affect their games at all, but I'm fearing for the worst here. This may be the day PC gaming died. I really hope my fears are incorrect though.
Originally posted by: Pugnate
Who wants a bet that five years from now we will be reminiscing about the days when Blizzard was a great company?