Activision will consider acquisitions amid recession
By
Activision Blizzard, with $3 billion in cash and no debt, will consider acquisitions as the recession brings down the prices of potential targets, the company’s top publishing executive said.
“The combination of Activision holding a fair amount of cash and presumably prices being depressed, not only for publicly traded companies, but also likely for new intellectual property licensing rights, should certainly create opportunities,” Mike Griffith said Tuesday in an interview in San Francisco.
Comments are closed.