Activision Blizzard $18 Billion Dollar Merger

BBC news is reporting that two of the giants of the game industry are getting ready to merge.

“Activision and Blizzard have said they will form “the world’s most profitable games business” in a deal worth $18.8bn (£9.15bn).”

Guitar Hero, Tony Hawk, and World of Warcraft will now be under the same ownership.

As part of the merger plan, Blizzard will invest $2bn in the new company, while Activision is putting up $1bn.

The merged business will be called Activision Blizzard and its chief executive will be Activision’s current CEO Bobby Kotick. Vivendi will be the biggest shareholder in the group.

Personally I think it should have been called Blizzard Activision.

Via BBC