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Activision's Acquisition Ambitions
Blue's News —
Bloomberg.com reports Activision Blizzard is in a rare position in today's market, as they are carrying no debt and piles of cash on hand (said to be as much as $3 billion) which will allow them to bargain hunt for acquisitions as the recession continues to make things difficult for their competitors. "The combination of Activision holding a fair amount of cash and presumably prices being depressed, not only for publicly traded companies, but also likely for new intellectual property licensing rights, should certainly create opportunities,” says Activision boss Mike Griffith, ...
Activision considering an acquisition (or eight)
Joystiq —
Let's role-play: You're mega-publisher Activision Blizzard, with $3 billion in cash and no debt. What do you do? ... NO, building the world's largest ball pool is not an acceptable answer. According to Activision Publishing's top man, Mike Griffith, Blizzavision is considering going on an acquisition safari. ...
Activision Seeks Recession-Fueled Aquisition Bargains [Industry]
Kotaku —
... holding a fair amount of cash and presumably prices being depressed, not only for publicly traded companies, but also likely for new intellectual property licensing rights, should certainly create opportunities" So who is on the menu? Griffith wouldn't say, but don't worry. Activision Blizzard didn't become the world's largest video game publisher by making rash decisions. "We won't rush to judgment just because we have cash. We will be very disciplined." Activision Looks for Acquisitions Amid Recession, Griffith Says [Bloomberg]
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Activision Seeks Recession-Fueled Acquisition Bargains [Industry]
Kotaku —
... holding a fair amount of cash and presumably prices being depressed, not only for publicly traded companies, but also likely for new intellectual property licensing rights, should certainly create opportunities" So who is on the menu? Griffith wouldn't say, but don't worry. Activision Blizzard didn't become the world's largest video game publisher by making rash decisions. "We won't rush to judgment just because we have cash. We will be very disciplined." Activision Looks for Acquisitions Amid Recession, Griffith Says [Bloomberg] ...
Activision Blizzard May Use Bundles of Cash for Acquisitions
GameDaily BIZ Features Feed —
After its merger with Vivendi Games, Activision effectively became the biggest third-party publisher in the world, and with a number of other gaming companies now hurting because of the economic recession, Activision Publishing President Mike Griffith said the opportunity may be right to swoop in an acquire more studios or IP. Speaking to Bloomberg , Griffith noted that Activision Blizzard's $3 billion in cash and no debt puts it in a great position: "The combination of Activision holding a fair amount of cash and presumably prices being depressed, not only for publicly ...
Activision Looking to Blow More Cash
The Escapist : Latest News —
Activision Blizzard , cash-flush and ready to spend, is considering new acquisitions in the near future as the recession drives the prices of potential takeover targets to irresistible lows. Activision surpassed Electronic Arts as the world's largest independent videogame publisher last year when it merged with Vivendi Games to become Activision Blizzard. And while many other publishers are feeling the pinch of the economic downturn, Activision is packing $3 billion in cash and no debt, and is thus in a great position to take advantage of the current buyer's market. "The combination of Activision holding a fair amount of cash and ...
Activision Blizzard's got some cash to spend, looking to pick up deals
Gaming Nexus —
by: John Yan NEWS - With $3 billion cash in hand and no debt, Activision Blizzard's looking to snatch up some companies cheap. I also doubt they will be hurting anytime soon with the releases of StarCraft II, Diablo III, and how many over Call of Duty and Guitar Hero games in the future. If you got the money, it's a great time to grab some good deals. The problem is not many companies have extra money but Activison Blizzard's done well in that sense and they might be increasing their portfolio here soon.Comment
Activision Blizzard Sees Opportunities Amid Recession
Wired: Game|Life —
The current economy spells tough times for most gaming companies, but not Activision Blizzard. Instead, the publisher sees the downturn as an ideal time to expand its operations by acquiring other firms, reports Bloomberg.com.
"The combination of Activision holding a fair amount of
cash and presumably prices being depressed, not only for
publicly traded companies, but also likely for new intellectual
property licensing rights, should certainly create
opportunities," said Activision Blizzard president Michael Griffith.
No companies were specifically mentioned as targets for the publisher, though with even giants like ...
Lack money, have exploitable titles? Activision says hello
Opposable Thumbs —
It looks like the largest publisher in the world is going shopping, as the weak economy has put many developers on uneasy financial footing. That means Activision Blizzard can pick up some new properties on the cheap.
“The combination of Activision holding a fair amount of cash and presumably prices being depressed, not only for publicly traded companies, but also likely for new intellectual property licensing rights, should certainly create opportunities,” Activision executive Mike Griffith told Bloomberg.
Griffith wants everyone to know that “[Activision Blizzard] won’t rush ...
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