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Submitted by Emilio_Estevez 647d ago | news

Kotick: Tencent a 'passive investor' in Activision Blizzard buyback

Joystiq:

Activision Blizzard CEO Bobby Kotick stated in an early-morning conference call that Tencent's participation in the buyback from Vivendi is merely a sign of the company's "enthusiasm." Within last night's announcement of Activsion Blizzard's $8 billion buyback from Vivendi, it was noted that a group of investors led by CEO Bobby Kotick will own a 24.9 percent stake in the newly independent company. Tencent, a Chinese company with extreme amounts of cash and fingers in many, many video game pies, was listed in the group. (Activision Blizzard Inc., Bobby Kotick, Industry, Tencent)

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