The acquisition will help better serve players in the multiplayer online role-playing game World of Warcraft.
"Over the next two years, we plan to hire hundreds of the best developers to serve the needs of our World of Warcraft players. The extraordinary team at Proletariat will be a key component of our talent acquisition efforts," ATVI CEO Bobby Kotick said.
Proletariat, founded in 2012 by industry veterans from Insomniac, Harmonix, and Turbine, has deep experience building MMORPGs and includes, among others, former lead designers of Asheron's Call, Lord of the Rings Online, and Dungeons & Dragons Online.
Proletariat began working with the World of Warcraft development team in May.
ATVI generated $642 million in operating cash flow and held $11.1 billion in cash and equivalents as of March 31.
Price Action: ATVI shares traded higher by 0.55% at $78.29 on the last check Friday.
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