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The article says that Activision Blizzard is buying the majority (about two thirds) of the shares itself. And presumably Kotick and Kelly have some personal sta
by wikwocket 13y ago
The article says that Activision Blizzard is buying the majority (about two thirds) of the shares itself. And presumably Kotick and Kelly have some personal stake in the investment group getting the rest of the shares?
I don't know if this makes them "independent," but it doesn't seem to make them owned by a conglomeration of other parties either.
- jonnathanson 13y agoTo clarify my previous comment... The post-split cap table looks something like this (from what information has been made public at this point): Bobby Kotick & associates (including Brian Kelly and Tencent, among other unnamed parties) own 24.9%. Vivendi's share drops to 12%. A-B itself buys back the majority of shares. Technically speaking, yes, A-B becomes an independent company (in as much as the majority of outstanding shares are publicly owned). My phrase "I'd hardly call that independent" was probably an overstatement worth correcting. My bad on that one. Because the word "independent" (and especially the derivative "indie") has a very industry-specific meaning in this case, I found the headline a bit misleading.