Activision Blizzard Announces Final Results of Self-Tender Offer

    SANTA MONICA, Calif., Aug. 19 /EMWNews/ -- Activision

Blizzard, Inc. (Nasdaq: ATVI) today announced the final results of its

tender offer to purchase up to 146,500,000 shares of its outstanding common

stock at a price of $27.50 per share, net to the tendering stockholders in

cash, less any applicable withholding taxes and without interest. The

tender offer expired at 5:00 p.m., New York time, on Wednesday, August 13,

2008.



    Pursuant to the tender offer, Activision Blizzard has purchased 85,916

shares of its common stock at a purchase price of $27.50 per share for a

total cost of approximately $2.3 million, excluding fees and expenses

relating to the tender offer. Activision Blizzard is funding the purchase

of shares in the tender offer with available cash on hand.



    The tender offer was agreed to be 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(R) World of Warcraft(R). In

accordance with the business combination agreement, the purchase price per

share for the tender offer was equal to the price per share that Vivendi

paid for the stock it purchased from Activision.

    About Activision Blizzard



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

a worldwide pure-play online, PC 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,

South Korea and the region of Taiwan. More information about Activision

Blizzard and its products can be found on the company's website,

http://www.activisionblizzard.com.



    Cautionary Note Regarding Forward-looking Statements: Information in

this press release that involves Activision Blizzard's expectations, plans,

intentions or strategies regarding the future are forward-looking

statements that are not facts and involve a number of risks and

uncertainties. Activision Blizzard generally uses words such as "outlook",

"will," "could," "would," "might," "remains," "to be," "plans," "believes",

"may", "expects," "intends," "anticipates," "estimate," future," "plan,"

"positioned," "potential," "project," "remain," "scheduled," "set to,"

"subject to," "upcoming" and similar expressions to help identify

forward-looking statements. Factors that could cause Activision Blizzard's

actual future results to differ materially from those expressed in the

forward-looking statements set forth in this release include, but are not

limited to, sales of Activision Blizzard's titles, shifts in consumer

spending trends, the seasonal and cyclical nature of the interactive game

market, Activision Blizzard's ability to predict consumer preferences among

competing hardware platforms (including next-generation hardware), declines

in software pricing, product returns and price protection, product delays,

retail acceptance of Activision Blizzard's products, adoption rate and

availability of new hardware and related software, industry competition,

rapid changes in technology and industry standards, protection of

proprietary rights, litigation against Activision Blizzard, maintenance of

relationships with key personnel, customers, vendors and third-party

developers, domestic and international economic, financial and political

conditions and policies, foreign exchange rates, integration of recent

acquisitions and the identification of suitable future acquisition

opportunities, Activision Blizzard's success in integrating the operations

of Activision Publishing and Vivendi Games in a timely manner, or at all,

and the combined company's ability to realize the anticipated benefits and

synergies of the transaction to the extent, or in the timeframe,

anticipated. Other such factors include additional risk factors identified

in Activision Blizzard's most recent quarterly report on Form 10-Q. The

forward- looking statements in this release are based upon information

available to Activision Blizzard as of the date of this release, and

Activision Blizzard assumes no obligation to update any such

forward-looking statements. Forward- looking statements believed to be true

when made may ultimately prove to be incorrect. These statements are not

guarantees of the future performance of Activision Blizzard and are subject

to risks, uncertainties and other factors, some of which are beyond its

control and may cause actual results to differ materially from current

expectations.