Blizzard 2009 Annual Report Download - page 62

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50
2008Acquisitions
OnSeptember11,2008,wecompletedanacquisitionofFreestyleGames,Ltd.(“Freestyle”),a
premierUnitedKingdombasedvideogamedeveloperspecializinginthemusicbasedgenre.Additionally,
onNovember10,2008,weacquiredBudcatCreations,LLC(“Budcat”),aprivatelyownedvideogame
developerbasedinIowaCity,Iowa.Budcatisanawardwinningdevelopmentstudiowithexpertiseonthe
WiiandNDS.Proformaconsolidatedstatementsofoperationsfortheseacquisitionsarenotshown,asthey
wouldnotdiffermateriallyfromreportedresults.
4.Investmentandotherincome(loss),net
Investmentandotherincome(loss),netiscomprisedofthefollowing(amountsinmillions):
Fortheyearsended
December31,
2009
2008
2007
Interestincome........................................................................................
$15
$36
$1
Interestexpense.......................................................................................
(4)
(3)
(3)
Unrealizedgain(loss)ontradingsecurities................................
3
(7)
—
Unrealizedgain(loss)onARSrightsfromUBS................................
(3)
10
—
Netrealizedgainoninvestments.............................................................
—
4
—
Changeinfairvalueofotherfinancialliability................................
8
—
—
Netrealizedandunrealizedgain(loss)onforeignexchange
contractswithVivendi................................................................
(1)
6
(2)
Investmentandotherincome(loss),net..................................................
$18
$46
$(4)
5.CashandCashEquivalents
Cashandcashequivalentsprimarilyconsistofdepositsheldatmajorbanksandmoneymarket
fundswithoriginalmaturitiesofthreemonthsorlessatthedateofpurchase.
Thefollowingtablesummarizesthecomponentsofourcashandcashequivalents(amountsin
millions):
AtDecember31,
2009
2008
Cashandtimedeposits................................................................
$464
$349
Moneymarketfunds................................................................
2,304
2,609
Totalcashandcashequivalents................................................................
$2,768
$2,958