Top 5 Key Companies Owned by Activision Blizzard in 2025 with Acquisition Prices

Activision Blizzard Inc. (ATVI) stands as a global powerhouse in entertainment, specializing in the creation and publishing of video games for mobile devices, PCs, and consoles. Established in 2008 through the landmark merger of Activision Inc. and Blizzard Entertainment, the company has since become synonymous with iconic gaming franchises such as World of Warcraft, Call of Duty, Diablo, and Candy Crush.

The company's operations span three primary divisions: Activision, Blizzard, and King. Activision Blizzard not only develops and distributes games but also generates significant revenue from esports leagues, digital advertising, and in-game content sales. In 2022, the company reported an impressive net revenue of $7.53 billion and net income of $1.51 billion, cementing its position as a titan in the gaming world.

1. Raven Software

• Business Type: Video Game Developer
• Acquisition Date: August 1997
• Acquisition Price: Not publicly disclosed

Founded in 1990, Raven Software is renowned for classics like Heretic and Hexen: Beyond Heretic. This early acquisition marked the beginning of Activision’s strategic expansion under CEO Bobby Kotick. Raven Software continues to play a vital role, notably contributing to the development of Call of Duty: Black Ops Cold War released in 2020.

2. Infinity Ward

• Business Type: Video Game Developer
• Acquisition Date: October 30, 2003
• Acquisition Price: Approximately $5 million (undisclosed officially)

Infinity Ward, the creative force behind the initial Call of Duty titles, was partially funded by Activision in 2002 before full acquisition in 2003. Despite a modest acquisition price, the franchise has generated billions in revenue, with the series reaching $3 billion by 2009, highlighting the strategic value of this purchase.

3. Treyarch Invention

• Business Type: Video Game Developer
• Acquisition Date: October 2, 2001
• Acquisition Price: Estimated $20 million

Since its inception in 1996, Treyarch has been instrumental in bolstering Activision's dominance in action and sports games, notably contributing to the success of the Tony Hawk series, thereby strengthening the company’s portfolio in key gaming genres.

4. Activision-Blizzard Merger

• Business Type: Merger of two video game giants
• Completion Date: July 10, 2008
• Valuation: $18.9 billion combined
• 2022 Revenue: Activision $3.28 billion, Blizzard $2.01 billion
• 2022 Operating Profit: Activision $1.32 billion, Blizzard $625 million

The monumental 2008 merger between Activision and Blizzard Entertainment created one of the largest entities in gaming history. This union was driven by Blizzard’s dominant World of Warcraft franchise, leveraging subscription-based revenue models and online multiplayer innovation. Post-merger, Activision Blizzard underwent significant share restructuring, culminating in full independence from Vivendi by 2016.

5. King Digital

• Business Type: Mobile Game Developer
• Acquisition Date: February 23, 2016
• Acquisition Price: $5.9 billion
• 2022 Revenue: $2.79 billion
• 2022 Profit: $1.21 billion

Acquiring King Digital marked Activision Blizzard’s strategic leap into mobile gaming, bringing the wildly popular Candy Crush franchise under its umbrella. This acquisition positioned the company as the largest global gaming network by user base, underscoring its commitment to expanding into diverse gaming markets.

Through these pivotal acquisitions and mergers, Activision Blizzard has solidified its leadership and diversified its portfolio across multiple gaming platforms and genres, adapting to evolving market trends while maximizing profitability.

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