Activision Blizzard completes buyback

Activision Blizzard, creators of games such as World of Warcraft and Guitar Hero, have recently bought back a controlling share in the business for around $8 billion. The re-acquisition from Vivendi Universal was completed by both the company itself and an investment group (which included members such as Bobby Kotick, CEO of Activision). Now that the buyback has been completed, Activision Blizzard holds  429 million shares (and some other assets), worth $5.83 billion, whilst the investment group holds 172 million shares worth $2.34 billion.

This leaves the other 690 shares mainly in the public’s hands, with Vivendi Universal now only owning 83 million. Bobby Kotick has said that this buyout will result in the company’s developers benefiting from a  “focused commitment to the creation of great games.”

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