Things are getting pretty complex in the world of gaming with all these companies buying and selling each other. Well, at least one company has managed to take ownership of themselves again. Activison Blizzard, who was owned under Vivendi, has just made the move to buy themselves back.
How much was Activision Blizzard worth? Well they paid out a heaping $5.83 billion dollars to nab 429 million shares of stock in the company. Vivendi still has 83 million shares themselves, though, which is over 10%. In any case, Activision Blizzard is now an independent studio, although of course no one would call them "indie".
Here is what Activision CEO Bobby Kotick says about the split from Vivendi:
"These transactions together represent a tremendous opportunity for Activision Blizzard and all its shareholders, including Vivendi. We should emerge even stronger – an independent company with a best-in-class franchise portfolio and the focus and flexibility to drive long-term shareholder value and expand our leadership position as one of the world's most important entertainment companies. The transactions announced today will allow us to take advantage of attractive financing markets while still retaining more than $3 billion cash on hand to preserve financial stability."
Hopefully this move proves beneficial to all the teams involved, but we'll see.