Blizzard 2008 Annual Report Download - page 47

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33
Because of its inherent limitations, internal control over financial reporting may not
prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future
periods are subject to the risk that controls may become inadequate because of changes in
conditions, or that the degree of compliance with the policies or procedures may deteriorate.
As described in Management’s Report on Internal Control Over Financial Reporting,
management has excluded Vivendi Games, Inc. from its assessment of internal control over
financial reporting as of December 31, 2008 because it was acquired by the Company in a
purchase business combination during 2008. We have also excluded Vivendi Games, Inc. from
our audit of internal control over financial reporting. Vivendi Games is a wholly-owned subsidiary
whose total assets and total net revenues represent 4% and 46%, respectively, of the related
consolidated financial statement amounts as of and for the year ended December 31, 2008.
PricewaterhouseCoopers LLP
Los Angeles, California
February 27, 2009