Activision Blizzard, Inc.: Shareholders Board Members Managers and Company Profile | US00507V1098 | MarketScreener (2024)

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What is the Activision Blizzard company profile? ›

Activision Blizzard, Inc. publishes, develops, and distributes interactive entertainment software and peripheral products. The Company's products covers diverse game categories, including action adventure, sports, racing, role playing, simulation, first-person action, music-based gaming, and strategy.

Activision stockholders will receive $95 for each share of Activision they owned prior to the close. Activision CEO Bobby Kotick will stay on in his role through the end of 2023, he wrote in an email to employees that was shared by the firm.

Activision Blizzard operates through three separate business segments: Activision; Blizzard; and King. The top shareholders of Activision Blizzard are Robert A. Kotick, Daniel Alegre, Dennis Durkin, Vanguard Group Inc., FMR LLC, and BlackRock Inc.

The biggest gaming news of the year came on Friday the 13th, when Microsoft's $69 billion acquisition of gaming studio Activision Blizzard finally closed, with the mammoth gaming studio joining the Xbox team along with popular franchises Call of Duty, Overwatch and World of Warcraft.

Activision Blizzard Inc (Activision Blizzard), a subsidiary of Microsoft Corp, is a gaming company that develops and publishes interactive software products, entertainment content, and services for mobile devices, video game consoles, and personal computers.

Activision Blizzard currently includes five business units: Activision Publishing, Blizzard Entertainment, King, Major League Gaming, and Activision Blizzard Studios.

Buffett sold most of his position early

After building a 9.5% stake in Activision in early 2022, Berkshire sold a significant portion by the end of the year. At that time, it held just 6.7% of the company. It's very likely Buffett didn't make any profit on the sale of those shares.

Activision Still Trading Below Offer Price

The stock closed at $91.66, below Microsoft's offer price of $95. Due to uncertainties that have plagued the deal, Activision Blizzard shares never formed the narrow trading range that you typically see in a company whose acquisition is all but certain.

It's a lot of cash, but it would make Microsoft the owners of Call of Duty, World of Warcraft, Overwatch and Candy Crush, to name a few. Those are some of the world's most popular video games, with millions of players who spend billions on subscriptions and in-game purchases.

The biggest individual stockholder of Activision Blizzard is Warren Buffett's conglomerate Berkshire Hathaway (BKR), which owns 68.4 million shares, resulting in an 8.7% stake, as per data from GuruFocus. Another prominent individual stockholder is the Public Investment Fund of Saudi Arabia, which owns a 4.8% stake.

Who just bought Activision Blizzard? ›

Activision Blizzard officially declared in a filing that is now a subsidiary of Microsoft, ending the acquisition saga. We've compiled a recap to guide you through both the significance of Microsoft's acquisition of Activision Blizzard, and how the 19-month ordeal played out.

Robert A. Kotick (born March 1, 1963) is an American businessman who served as the chief executive officer (CEO) of Activision Blizzard and previously Activision from 1991 to 2023. He became the CEO of Activision after purchasing a company stake the previous year.

2023-01-31 - BlackRock Inc. has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 56,307,360 shares of Activision Blizzard Inc (US:ATVI).

Following closing, all Activision Blizzard employee shareholders will be treated the same as other shareholders and receive $95.00 for each share of Activision Blizzard stock that they own.

Microsoft has successfully persuaded regulators around the world to clear its $68.7 billion acquisition of Activision Blizzard — the biggest deal of its kind the gaming industry has ever seen — and has completed the deal.

In 2022, Activision Blizzard's annual revenue amounted to 7.53 billion U.S. dollars. On January 18, 2022, Microsoft announced it would buy Activision Blizzard for a record 68.7 billion U.S. dollars, positioning Microsoft one of the largest gaming companies worldwide alongside Tencent and Sony.

Activision Blizzard develops and publishes interactive entertainment for use on video game consoles, PCs, and mobile devices, and also operates eSports leagues. The company's business is conducted through three major business segments, which include Activision, Blizzard, and King.

Our Global

Our esports vision is to be the most innovative, scalable, and valuable developer of global competitive entertainment.

Activision Blizzard has an employee rating of 3.7 out of 5 stars, based on 531 company reviews on Glassdoor which indicates that most employees have a good working experience there.