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Bobby Kotick: Activision Blizzard Wanted to Buy Time Warner

Bobby Kotick: Activision Blizzard Wanted to Buy Time Warner - News

by William D'Angelo , posted on 01 June 2023 / 2,789 Views

Activision Blizzard CEO Bobby Kotick in an interview with Variety revealed the company was looking to acquire Time Warner a few years ago. 

This would have only happened if the AT&T deal to acquire Time Warner had fallen apart and the gaming giant was ready to do so as it raised capital needed.

"We raised all the capital and were ready to go in the event that AT&T couldn’t get the deal done," said Kotick.

Bobby Kotick: Activision Blizzard Wanted to Buy Time Warner

The plan would be for Activision Blizzard to develop games based on the IP owned by Time Warner and for Time Warner to develop movies and TV shows based on Activision Blizzard's IP.

Kotick added, "We’d take their IP and turn it into games. They’d take our IP and turn it into film and television, and we’d have an extraordinary company."

Microsoft is currently attempting to acquire Activision Blizzard for $67.8 billion. The deal has been approved in South KoreaChina, the European UnionUkraineSouth AfricaJapanChileBrazilSaudi Arabia, and Serbia. However, the deal is facing a block in the UK, which the two companies are appealing, and a lawsuit in the US.

A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012 and taking over the hardware estimates in 2017. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel. You can contact the author on Twitter @TrunksWD.

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SanAndreasX (on 01 June 2023)

Thank God they didn't do it.

  • -1
Vengeance1138 (on 01 June 2023)

Sony can do both of what they wanted to do already. Make movies and tv shows from any of their own IP as well as make games for them. I guess that makes Sony a pretty extraordinary company.

  • -1
ClassicGamingWizzz (on 01 June 2023)

Soon they will have 3 billion to spend on a studio and ruin it.

  • -3

That unfortunately is true.

  • 0
scrapking DonFerrari (on 03 June 2023)

I don't think it's likely to be true if that $3 billion is from Microsoft's purchase of the ABK deal falling through. I think it's still going through.

  • +1
DonFerrari scrapking (on 05 June 2023)

There was a time specified for the deal, don't they get the money even if the deal closes? Also they would need to post pone the due date to allow the deal to still go.

  • 0
scrapking DonFerrari (on 06 June 2023)

There is the option of negotiating to extend the deal. They won't do it any sooner than they have to, in the interests of keeping the pressure up on regulators. But I predict they will negotiate to lengthen the terms of the deal if they need to. ABK management would rather this deal go through than get the $3 billion payday. The only get the $3 billion if the deal falls through. Microsoft won't want to both pay out the $3 billion and also keep trying to buy ABK.

  • +1

You really think the Microsoft acquisition isn't going through? Why? Microsoft and Activision are still committed to completing it. I think it'll go through in the end.

  • +1
AJNShelton (on 01 June 2023)

They wanted to make a Friends RPG and Candy Crush movies then ?

  • -3
scrapking AJNShelton (on 03 June 2023)

Activision Blizzard King has a lot of properties with deep lore. StarCraft, WarCraft, Star Control, and many more.

My goodness, I'd jizz in my pants over a Star Control TV show or film!

  • +1