Activision and Vivendi have signed a definitive agreement to combine Vivendi Games with Activision for creating a pure-play online and console game publisher, Activision Blizzard.
As a result of the business combination, Activision Blizzard expects to have a diversified and broad portfolio of interactive entertainment assets in its industry, positioning the combined company to capitalize on the continued worldwide growth in interactive entertainment.
According to Activision, Activision Blizzard is expected to have approximately $3.8 billion in pro forma combined calendar 2007 revenues and the highest operating margins of any major third-party video game publisher.
Following the completion of the transaction, Robert Kotick will be president and CEO of Activision Blizzard. Bruce Hack, current CEO of Vivendi Games, will serve as vice-chairman and chief corporate officer of Activision Blizzard, accountable for leading the merger integration and the finance, human resources and legal functions.