Activision Blizzard, Inc.
, formerly Activision, Inc.
() is the American holding company for Activision
and Blizzard Entertainment
. The company is majority owned by French conglomerate Vivendi SA
and was created through the merger of Activision
and Vivendi Games
, announced on December 2, 2007, in a deal worth USD
$18.8 billion. It believes that it is the only publisher that has "leading market positions across all categories" of the video game industry
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. On July 8, 2008, Activision announced that stockholders... Read More