Asac II LP
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An investment vehicle, or limited partnership, created to help free the video game company Activision Blizzard from the grip of its majority owner, the French media giant Vivendi. In 2013, a group led by Activision's CEO Bobby Kotick and chairman Brian Kelly used ASAC II LP to buy a large block of Vivendi's stock, letting the game maker behind Call of Duty and World of Warcraft become an independent, publicly traded company again. Its name is simply the legal handle for this one-time buyout partnership — no hidden meaning, just the paperwork behind a corporate shake-up.
Limited Partnership Unit - Private Placement
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