Activision Blizzard Announces Self-Tender Offer

SANTA MONICA, Calif.–(EMWNews)–Activision Blizzard, Inc. (Nasdaq: ATVID) announced today the

commencement of a tender offer to purchase up to 146,500,000 shares of

its outstanding common stock at a price of $27.50 per share representing

approximately 22% of Activision Blizzard’s

outstanding common stock as of July 9, 2008.

The tender offer will expire at 5:00 p.m., Eastern Daylight Time, on

Wednesday, August 13, 2008, unless extended. The tender offer is being

made in connection with the business combination between Activision,

Inc., now known as Activision Blizzard, Inc., and Vivendi Games, Vivendi’s

interactive entertainment business –

which includes Blizzard Entertainment’s®

World of Warcraft®. Under the terms of

the business combination agreement, Activision Blizzard agreed to

commence the tender offer within five business days after the closing of

the business combination, which occurred on July 9, 2008. The tender

offer is subject to the terms and conditions specified in the offer to

purchase, the letter of transmittal, and other related materials that

are being mailed to holders of Activision Blizzard’s

common stock.

Copies of the offer to purchase, letter of transmittal and other related

materials may be obtained at Activision Blizzard’s

expense from the information agent, Morrow & Co., LLC at 479 West

Avenue, Stamford, CT 06902. Banks and brokerage firms please call (203)

658-9400 and all others call (800) 245-1502 (toll-free).

Questions regarding the tender offer should be directed to Morrow & Co.,

LLC at (800) 245-1502 (toll-free).

About Activision Blizzard

Headquartered in Santa Monica, California, Activision Blizzard, Inc. is

a worldwide pure-play online and console game publisher with leading

market positions across all categories of the rapidly growing

interactive entertainment software industry.

Activision Blizzard maintains operations in the U.S., Canada, the United

Kingdom, France, Germany, Ireland, Italy, Sweden, Spain, Norway,

Denmark, the Netherlands, Romania, Australia, Chile, India, Japan,

China, the region of Taiwan and South Korea. More information about

Activision Blizzard and its products can be found on the company’s

website, www.activisionblizzard.com.

Certain Information Regarding the Tender Offer

The information in this press release describing Activision Blizzard’s

self tender offer is for informational purposes only and does not

constitute an offer to buy or the solicitation of an offer to sell

shares of Activision Blizzard’s common stock in the self tender offer.

The self tender offer is being made only pursuant to the offer to

purchase and the related materials that Activision Blizzard will

distribute to its stockholders. Stockholders should read the offer to

purchase and the related materials carefully because they contain

important information, including the various terms and conditions of the

self tender offer. Stockholders of Activision Blizzard will be able to

obtain a free copy of the self Tender Offer Statement on Schedule TO

(including the offer to purchase) and other documents that Activision

Blizzard will be filing with the Securities and Exchange Commission from

the SEC’s website at www.sec.gov.

Stockholders may also obtain a copy of these documents, without charge,

from Morrow & Co. LLC, the information agent for the self tender offer,

toll free at (800) 245-1502. Stockholders are urged to carefully read

these materials prior to making any decision with respect to the self

tender offer. Stockholders and investors who have questions or need

assistance may call Morrow & Co., LLC, the information agent for the

self tender offer, toll free at (800) 245-1502.

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