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Last week, Activision-Blizzard bought itself out from under Vivendi Universal. One of its heavier investors is Asian games publisher TenCent. In our latest Free Zone, we take a look at the potential changes that might come along as a result. Read on and then leave your thoughts in the comments.
On Friday, we learned that CEO Bobby Kotick figured out a way. Vivendi will sell 49 percent of its current 61 percent holding, receiving $8.2 billion. Most of this amount will be from Activision itself, roughly $1.2 billion from the $4.5 billion it has in cash and investments plus $4.75 billion to be raised by issuing new debt (the company has none right now). The rest, another $2.34 billion, will come from an investment group pulled together by Kotick and Co-Chairman Brian Kelly. Those two are apparently “only” kicking in $50 million each, which means the other partners are funding almost 96% of the latter sub-total.
Read more of Richard Aihoshi's The Free Zone: How Might Tencent's Investment Affect Activision?