Vista Partners’ “Number of the Day” today is “$8.2 billion”. We believe “$8.2 billion” is significant today as it represents the approximate amount that the maker of popular video game “World of Warcraft”, an online role-playing game that boasts a cult following of 7.7 million subscribers, Activision Blizzard Inc. (ATVI), will deploy in order to become independent from French media company Viviendi.
Activision Blizzard plans to buy back 429 million shares for about $5.8 billion from French media company Vivendi which will retain a 12% stake, approximately 83 million shares. Two company executives and a group of investors — including China’s largest internet company Tencent — will purchase another block of 172 million shares for $2.3 billion.
The acquisition will be funded with $1.2 billion in cash and $4.6 billion in debt financing from banks including JPMorgan Chase (JPM, Fortune 500) and Bank of America (BAC, Fortune 500).
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