Gamesmanship.Activision Activision, Inc. NASDAQ: ATVI is an American video game developer and publisher. It was the first independent developer and distributor of video games for gaming consoles, founded on October 1 1979. Inc. has acquired Quebec-based game developer Beenox Beenox is a video game developer, well established in Quebec City, Canada. Founded in 2000 by Dominique Brown, the studio became a wholly owned subsidiary of Activision in 2005. Inc. in a move to boost its presence in Canada. Terms of the deal were not released. Closely held A phrase used to describe the ownership, management, and operation of a corporation by a small group of people. In a closely held corporation, the same people often act as shareholders, directors, and officers, and no outside investors exist. Beenox will become a wholly-owned subsidiary of the Santa Monica-based videogame publisher and Beenox's management team and key employees signed long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. employment contracts with Activision. Beenox's 32-person team will continue to be based in Canada. Activision has worked with Beenox since 2003 on a number of popular titles, including "Shrek 2." |
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