Activision Blizzard Acquisition Ambitions

Activision Blizzard is in a rare position as a company with no debt and piles of cash (said to be 3 billion USD), while the recession is driving down acquisition prices of studios. Does this mean we’ll be looking at ActiBlizz expanding soon? Bloomberg reports:

Activision Blizzard Inc., 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 yesterday in an interview in San Francisco.

The company, the world’s largest video-game publisher, is seeking to fill holes in its product line and expand internationally, said Griffith, a former Procter & Gamble Co. executive who is now president and chief executive of Activision Publishing.

Spotted on Blue’s News.