Activision Blizzard Announces Self-Tender Offer

  
    
  
  
    
      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 [phone] (toll-free).
    
    
      Questions regarding the tender offer should be directed to Morrow & Co., 
      LLC at [phone] (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 [phone]. 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 [phone].