This is huge news in the gaming realm. Activision, the creators of such titles as Guitar Hero and Call of Duty are joining forces with Vivendi who is the owner of the World of Warcraft giant, Blizzard.

Jean-Bernard Lévy, Chairman of the Management Board and Chief Executive Officer of Vivendi stated: “This alliance is a major strategic step for Vivendi and is another illustration of our drive to extend our presence in the entertainment sector. By combining Vivendi’s games business with Activision, we are creating a worldwide leader in a high-growth industry. We are excited about the opportunities for Activision Blizzard as a broader entertainment software platform. We believe this transaction will create significant value for Activision Blizzard and Vivendi stockholders.

Congrats to these companies on their successful venture! If you'd like to read the entire press release, visit Businesswire.com for the full scoop.