M&a Analysis

The Activision Blizzard Company

Merger and Acquisition Analysis

Weitong Yan

University of Bridgeport

Integration &App: Business Simulation &Planning

BUCP781

Instructor: Stephen C. Diaz

Date: December 16, 2011

Contents

Abstract........................................................................................................................3

I. The Activision Blizzard Company.............................................................................4

II. Merger & Acquisition Analysis.................................................................................6

Income Statement Analysis.......................................................................................6

Business Risk..............................................................................................................7

Business Opportunity...............................................................................................10

Revised EBITDA......................................................................................................12

Balance sheet Analysis..............................................................................................12

Enterprise Value Calculation....................................................................................13

Financial Risk.............................................................................................................13

Financial Opportunity..............................................................................................15

Revised Enterprise Value.........................................................................................16

III. Business Evaluation..................................................................................................17

Performance...