Activision Thought $7M for Blizzard was "Insane"

Activision CEO Bobby Kotick says he thought $7 million USD was an "insane" price for Blizzard Entertainment when Davidson & Associates purchased Blizzard back in 1995. He describes a conversation at an dinner with Davidson & Associates where his reaction was: "Are you out of your minds? They’re like a contract developer! They have Warcraft but what else do they have? You paid SEVEN million! That’s insane!" 12 years later Activision and Blizzard merged in a deal reportedly worth $18.8 billion USD.
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Re: One of these days...
Jan 19, 2010, 19:36
mag
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Re: One of these days... Jan 19, 2010, 19:36
Jan 19, 2010, 19:36
mag
 
Other top games of 1995 include:
Marathon 2 (Bungie)
Warhammer (Mindscape)
Command & Conquer (Westwood)
Jagged Alliance (Sir-Tech)
Descent (Parallax)
Flight Unlimited (Looking Glass)
Heroes of Might and Magic (New World Computing)
Destruction Derby (Psygnosis)
I Have No Mouth And I Must Scream (Cyberdreams)


How many of these companies are still around?

How many of these companies are no longer around because EA (or someone else) bought and destroyed them?

Bungie: Purchased by MS, turned into a Halo-factory.
Mindscape: Company sold in 1994 for $500 million, development team was sold to and eviscerated by EA in 1997 (undisclosed amount), company sold in 1998 for $150 million, then sold in 1999 for $3.6 billion.
Westwood: Eaten by EA in 1998 (for $122 million!).
Sir-Tech: Closed on its own. Kept releasing games until 2001.
Parallax: Released Descent II, split into two companies in 1997, both later purchased by THQ, one of which (Outrage) was subsequently shut down. (Volition sold for ~1 million shares of stock, which looks like it was $10-12/share at the time. Can't find a figure for Outrage). Volition made super-awesome Freespace and Freespace 2 and has continued to make mediocre-to-bleh Red Faction and Saints Row games.
Looking Glass: Closed in 2000, mostly because of Eidos. Was bought and sold a couple of times, released a bunch of popular games (The IP rights of which are probably worth a lot).
New World Computing: Eaten by 3DO in 1996 ($13 million), subsequently dissolved in 2003.
Psygnosis: Bought by Sony in '93, actually still around.
Cyberdreams: Failed on its own.

Pretty much probably Cyberdreams is the only one that wouldn't have been worth more a couple of years later (when they were mostly purchased). It's difficult to say exactly how they would have fared individually after that, given that they were largely shut down by their parent companies, and with the hard times of the early 2000s.
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