Activision considering acquisitions

NewsPosted 04/03/2009 - 9:36am GMT

Has $3 billion in cash and the recession is expected to bring down the price of targets.

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Bloomberg reports that Activision Blizzard won't be put off considering new acquisitions, even in the current recession.

"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 Publishing CEO Mike Griffith.

According to Bloomberg Activision Blizzard has $3 billion in cash and no debts. Griffith didn't reveal any targets and added: "We won't rush to judgement just because we have cash. We will be very disciplined."

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thpcplayer's Avatar

thpcplayer

3 billion $$$. I know from where these came Call of duty 4, call of duty 5, lich king, burning crusade etc. If they have this much of the cash then they should acquire TAke 2 and then they will easily dominate ea. Just imagine gta, bioshock, call of duty, mafia, midnight club, 2k sports. They will make billions from gta
Posted 10:03 on 04 March 2009
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