Trion World Network founder and CEO Lars Buttler has responded to Activision CEO Bobby Kotick's suggestion that it would take a billion dollar investment to be competitive with World of Warcraft
Activision CEO Bobby Kotick has said that he thinks it would take an investment of half a billion to a billion dollars to take on World of Warcraft - and even then, success isn't guaranteed.
Speaking at the Goldman Sachs Technology Investment Symposium 2008 Conference, Activision chairman and CEO Bobby Kotick said that Take-Two did not fulfull the company's acquisition requirements
Following strong financial results in the past couple of weeks from both Activision and Vivendi Games, one analyst predicts that following the planned merger of the two companies, fiscal 2009 profits could add up to as much as USD 1.38 billion.
Vivendi's approved loan of EUR 3.5 billion for the deals including the Activision Blizzard merger and the acquisition of telecoms company Neuf Cegetel, announced last week, has had its backing syndicate expanded.
Activision executives Robert Kotick and Brian Kelly stand to make around USD 40 million between them as a result of the deal to merge Activision with Vivendi Games, thanks to their current shareholding in the company.
Stock in Activision rose by nearly 19 per cent across the past week, since Sunday's shock announcement that it had agreed a deal to merge with Vivendi Games.