Video game giants in $18bn merger

http://news.bbc.co.uk/1/hi/technology/7123582.stm

Originally Posted by bbc news
The companies behind Call of Duty and World of Warcraft are merging in a deal which could shake up the global video games industry.

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

US-based Activision also makes hit console games such as the Tony Hawk series and Guitar Hero.

Nine million people pay a monthly subscription to play World of Warcraft.

'High-growth industry'

Blizzard is the biggest player in online gaming and Warcraft is the global market leader of what are known as massively multi-player online role-playing games, or MMORPGs.

It is currently owned by the French media group Vivendi.

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.

Jean-Bernard Levy, Vivendi chief executive, said: "This alliance is a major strategic step for Vivendi and is another illustration of our drive to extend our presence in the entertainment sector.

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"People sometimes say that ideas cannot be stamped out by force. The Albigensian Crusade proves them wrong. Ideas can be stamped out by the elimination of everyone who holds the ideas." - Quote :"Middle Ages" by Morris Bishop.

Hmm wonder how blizzard is going to be affected by this..

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"Creating Havoc and Pie Since 2001!"
My Website: http://www.anthonyhays.com
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So long as they don't compromise their motto of, "It's done when it's done", things should be fine.

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Kuwen Furyblades
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Hehe when I first heard rumors of a merger I was like 'OMG.....Not EA".