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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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