Activision goes independent in $8.2 billion buyout
Bobby Kotick, the sometimes controversial CEO of Activision-Blizzard, is leading an $8.2 billion buyout from parent company Vivendi, a move that will restore independence to the world’s largest video game publisher.
The agreement will occur in a pair of purchases. Activision, as a company, will acquire 429 million shares for $5.83 billion in cash, while an investor group headed by Kotick and co-chairman Brian Kelly will separately purchase another 172 million shares for $2.34 billion. Kotick and Kelly have personally invested a combined $100 million into the company.