19 Nov
Last year, Activision Blizzard CEO Bobby Kotick formed an investor group to buy a large number of shares from Vivendi. The deal resulted in multiple lawsuits from shareholders who believed they never received a fair chance to weigh in on the deal. According to Gamasutra, Activision has now settled the lawsuits with a unspecified number […]
17 Jul
Vivendi executives considered firing Activision Blizzard CEO Bobby Kotick last May over the sale of Vivendi’s stake back to Activision, Bloomberg reports. Translated emails from a June court filing that alleges Kotick threatened to quit if director’s did not allow him to lead an investor group which bought out most of Vivendi’s stock for $8.2 […]
26 Jul
Activision Blizzard has reached a deal with Vivendi to acquire its own shares for over $8 billion. Vivendi still retains 83 million shares (around 12 percent), but Activision Blizzard will become an independent company again with a majority of its shares owned by the public. Bobby Kotick will remain Chief Executive Officer, with Brian Kelly […]
Activision has already made headlines earlier this week when they revealed that they were canning both the Guitar Hero and True Crime franchises in favor of deeper focus on the digital space and their main franchises. More details on the restructuring plans of the industry’s largest publisher have been steadily coming through the cracks since, […]