Activision's Acquisition Ambitions

Bloomberg.com reports Activision Blizzard is in a rare position in today's market, as they are carrying no debt and piles of cash on hand (said to be as much as $3 billion) which will allow them to bargain hunt for acquisitions as the recession continues to make things difficult for their competitors. "The combination of Activision holding a fair amount of cash and presumably prices being depressed, not only for publicly traded companies, but also likely for new intellectual property licensing rights, should certainly create opportunities,” says Activision boss Mike Griffith, though they also offer another quote indicating they are remaining prudent, as he says: "we won’t rush to judgment just because we have cash. We will be very disciplined."