This excerpt taken from the ATVI DEFA14A filed Dec 5, 2007.
So this is a very exciting combination and we look very much forward to demonstrate to the shareholders of both companies that we made the right decisions and that they will be rewarded in the short and in the long term by the creation of this number one company.
And, David, I would just add, first, to the second and third parts of your question, as far as adequate cash, this is going to be a company with a significant amount of operating income and a commitment on the part of our large shareholder that to the extent that there are opportunities for consolidation or add-ons, well be able to continue to tap into the financial flexibility of the parent as appropriate to continue the opportunities to add on strategically those things that might complement our businesses.
As far as why now, I think that theres never a better time when you have two strong companies in a position to both leverage the synergies and the benefits that each other offer. And I think when you think about the growth and the opportunity for market expansions that are taking place today, when we think about the new hardware, the Wii, the Xbox 360, the PlayStation 3, changes that are taking place online, with broadband penetrations increasing at very rapid rates across all geographies, for the first time you can step back and you can honestly say that the mass market that weve all been looking for in interactive entertainment is arriving.
And things like physical interface or better production values, for the transformation that youve seen from a solitary experience to a more social gaming experience, these are all catalysts for much bigger, broader audiences than weve ever seen before. And its best for us today to be on a combined basis the number one company in the category with the highest operating margins, with the greatest portfolio of assets across all