Santa Monica, Calif.-based Activision Inc. has exercised its option to acquire the remaining 70% of outstanding common stock in Infinity Ward, the developer of Activision’s upcoming PC game Call of Duty. Under the terms of the agreement, Infinity Ward will became a wholly owned subsidiary of Activision. The move follows on the heels of the publisher’s incorporation of Raven Software.
Activision Publishing Inc. president and CEO Ron Doornink states, “This acquisition is aligned with Activision’s strategy to acquire companies with a history of creating high-quality products which over time can enhance the company’s financial operating model.”
Infinity Ward’s workforce includes many members of the team that developed Medal of Honor Allied Assault, one of the most acclaimed PC games of last year. Grant Collier, Vince Zampella and Jason West will continue to manage the company, and have each signed a long-term employment contract with Activision, as have other key employees.
Founded in 1979, Activision posted net revenues of $864 million for the fiscal year ended March 31, 2003. The company maintains operations in the U.S., Canada, the U.K., France, Germany, Japan, Australia, Scandinavia and the Netherlands.