April 18, 2008 Archives
I've recently made a couple of minor tweaks to the blog:
- Category archives now display all the entries in a category rather than just the last 20 entries.
- The links and blogroll navigation on the left now uses a cascading menu rather than displaying a huge, long list.
The merger of Vivendi Games with Activision has gained approval from the EU. Amid claims that it could prove to be anti-competitive the EU has argued that the combined company would still face stiff competition in the marketplace from the likes of EA, Sony & Nintendo amongst others.
Under the terms of the deal, Vivendi would hold a roughly 52 percent majority of the merged company by contributing Vivendi Games, valued at $8.1 billion, including Blizzard Entertainment, and $1.7 billion in cash. Activision would then be renamed Activision Blizzard and continue to operate on the Nasdaq as ATVI. Within five days of the deal closing, Activision Blizzard would launch a $4 billion all-cash tender offer to purchase up to 146.5 million Activision shares at $27.50. Vivendi has agreed to purchase up to $700 million of new shares at the same price.
- Current Activision CEO Robert Kotick will be president and CEO.
- Bruce Hack, current CEO of Vivendi Games, will serve as vice-chairman and chief corporate officer.
- Mike Griffith will be president and CEO of Activision Publishing (including the Sierra Entertainment, Sierra Online and Vivendi Games Mobile divisions in addition to the Activision business).
- Mike Morhaime will continue to serve as president and CEO of Blizzard Entertainment.
- Thomas Tippl, currently CFO of Activision, will become CFO.
- Jean-François Grollemund, currently CFO of Vivendi Games, will be appointed chief accounting officer of the new company.
The new company will be the largest of the third-party games publishers ahead of the likes of EA, Ubisoft and Take Two, with an estimated value of approximately $19 billion.
Back in January 2006 I blogged about wanting a new keyboard; the Optimus Maximus. Well, it's now officially available.
Unfortunately, it's a wee bit out of my price range and I can't see too many everyday PC users buying one. If you had £800 spare would you spend it on a new keyboard for your PC? No? Neither, would I! I think I'll stick with my current Cherry keyboard until I can get around to buying myself a Saitek Eclipse II instead.
£800 for a keyboard; I could build a decent quad-core PC for that...
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