| 8th | Top assets owned by Vivendi |
| 98th | Top companies of the United States |
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| Type | Public (NASDAQ: ATVI), subsidiary of Vivendi |
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| Founded | 2008 |
| Headquarters | |
| Key people | Jean-Bernard Levy, Chairman Brian G. Kelly, Co-Chairman Robert Kotick, President and CEO[2] Michael Morhaime, President and CEO of Blizzard Entertainment Michael Griffith, President and CEO of Activision Publishing Brian Hodous, Chief Customer Officer George Rose, Chief Public Policy Officer Thomas Tippl, Chief Financial Officer & Chief Corporate Officer Chris Walther, Chief Legal Officer Ann Weiser, Chief Human Resources Officer |
| Industry | Computer and video games |
| Products | Activision: Crash Bandicoot series Guitar Hero series Call of Duty series Tony Hawk franchise Spider-Man series Spyro the Dragon series Blizzard Entertainment: Warcraft series StarCraft series Diablo series |
| Revenue | ▲ $5 billion (2008)[3] |
| Employees | 7,000 (2009) |
| Parent | Vivendi |
| Subsidiaries | Activision Blizzard |
| Website | ActivisionBlizzard.com |
Activision Blizzard, Inc. (NASDAQ: ATVI) is the American holding company for Activision and Blizzard Entertainment, majority owned by French conglomerate Vivendi SA. The company is the result of a merger between Activision and Vivendi Games, announced on December 2, 2007[4] in a deal worth USD$18.8 billion.[5] The deal closed July 9, 2008. The company believed that the merging of the two companies would create "the world’s largest and most profitable pure-play video game publisher".[6] It believes that it is the only publisher that has "leading market positions across all categories" of the video game industry.[6]
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In December 2007, Activision announced that the company and its assets would merge with fellow games developer and publisher, Vivendi Games. René Penisson, formerly a member of the Management Board of Vivendi and Chairman of Vivendi Games, would serve as Chairman of Activision Blizzard. Bobby Kotick, once head of Activision, was announced to become President and CEO of Activision Blizzard.
In April 2008, the European Commission permitted the merger to take place. The Commission essentially needed to approve that there weren't any antitrust issues in the merger deal.[7] On July 8, 2008, Activision announced that stockholders had agreed to merge. The deal closed on July 9, 2008, and the total transaction was an estimated $18.9 billion.[2] Vivendi was the majority shareholder, with a 52% stake in the company.[2] The rest of the shares were held by institutional and private investors and continue to be traded on the NASDAQ stock market, for the first 10 trading days post closing as ATVID, and subsequently as ATVI. Jean-Bernard Levy will replace René Penisson as chairman of Activision Blizzard.[8]
Activision and Blizzard Entertainment still exist as separate entities.[9] The holding company does not publish games under its central name and instead uses its subsidiaries to publish games, similar to how Vivendi Games operated before the merger.[10] The merger makes Activision parent company of Vivendi Games former divisions.
While Blizzard retained its autonomy and corporate leadership, other Vivendi Games divisions were not so fortunate. An example of this is the long-time label Sierra (which had been around as long as Activision) which ceased operation. With the merger, there was a rumor that if a Sierra product did not meet Activision's requirements, they "won't likely be retained."[11] Some of Sierra's games such as Crash Bandicoot, Spyro the Dragon and Prototype have been retained and are now published by Activision.[12] Also, due to the closure of Sierra, the Sierra Community Forums servers have been shut down as of the 1st of November 2008.[13]
Shortly after the conclusion of the merger, Thomas Tippl, CFO, alluded to future layoffs, stating that the company "will exterminate some of our overlap through redundancy – but we will treat people fairly and respectfully in that process."[14] Also, games such as Brütal Legend, Ghostbusters: The Video Game, The Chronicles of Riddick: Assault on Dark Athena, World in Conflict: Soviet Assault, 50 Cent: Blood on the Sand, Zombie Wranglers, Leisure Suit Larry: Box Office Bust and Wet were all dropped from the publisher to be picked up by other companies. Some of these games were dropped because they didn't "have the potential to be exploited every year on every platform with clear sequel potential and [they didn't] have the potential to become $100 million franchises."[15]
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| Activision Blizzard | |
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| Type | Public |
| Founded | July 9, 2008 |
| Headquarters | Santa Monica, CA, USA |
| Products | |
| Parent Company | Vivendi |
| Website | http://www.activisionblizzard.com/corp/index.html |
Activision Blizzard is an American holdings company formed from the merger of Activision and Vivendi Games (which owns Blizzard). The merger happened in 2008. Sierra which was the publishing of Vivendi was absorbed into Activision as well.
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