If You Invested $10,000 in Activision Blizzard's IPO, This Is How Much Money You’d Have Now
Investors have been high on Activision Blizzard (NASDAQ: ATVI) in recent years. It sports a market cap of $48 billion, has 409 million people who play its games every month, and generates over $6 billion in revenue from a handful of titles every year.
Much of its financial prowess came after the merger with Blizzard Entertainment in 2008, but long before that, Activision had humble beginnings. It was founded in 1979 and rode the growth of the Atari game console in the early 1980s. But Activision struggled to survive after the Atari game system faded into obscurity.
To stay alive, Activision got into business software but was unsuccessful, and by 1991, the company was on the verge of collapse. Around that time, a 30-year old Robert Kotick and his business partner took control of Activision for less than $500,000.
Source Fool.com
