SI
SI
discoversearch

   Technology StocksActivision....Returns!


Previous 10 Next 10 
From: Sr K7/26/2013 2:47:42 AM
   of 1966
 
bloomberg.com

And, in wsj.com

BUSINESS | Updated July 26, 2013, 2:04 a.m. ET

Activision to Buy Back Most of Vivendi's Controlling Stake
Vivendi to Keep 12%, but Its Representatives on Activision's Board Are Expected to Step Down

By IAN SHERR And SAM SCHECHNER

Activision Blizzard Inc. said it has reached an agreement to buy back nearly $6 billion worth of Vivendi SA's holding in the company, ending months of negotiations over the fate of the videogame giant.

Santa Monica, Calif.-based Activision said Thursday it will buy 429 million shares for about $13.60 per share, reducing Paris-based conglomerate Vivendi from being majority shareholder. Activision said it would fund the purchase with $1.2 billion in cash on hand from its domestic accounts and approximately $4.6 billion in debt financing from banks including J.P. Morgan and Bank of America Merrill Lynch.

While the purchase price represents a haircut on the current value of Activision's shares, which closed down 1.3% at $15.18 Thursday, Vivendi said in a statement that it is above the historical average for the videogame company.

Activision, best known for its "Call of Duty" war-simulation games and "World of Warcraft" online fantasy franchise, had $4.3 billion in cash and cash equivalents at the end of March, but $2.7 billion is held offshore and would be subject to U.S. taxes if repatriated, according to company filings.

In a separate transaction, Vivendi is also selling 172 million shares—about $2.3 billion worth at $13.60 a share—to an investment group led by Bobby Kotick, Activision's chief executive, and Brian Kelly, the company's co-chairman. The two men committed a combined $100 million to the effort. That group will hold 24% of the Activision's shares, making it the largest shareholder.

Vivendi said it will continue to hold about 83 million shares, or 12% of the company, and has pledged to retain its shares in a staggered 15-month lockup. The deal is expected to close in September.

Share RecommendKeepReplyMark as Last Read


From: Sr K7/26/2013 7:55:54 AM
   of 1966
 
Up 18% pre-market


Activision Blizzard, Inc. (ATVI) -NasdaqGS

15.18 Jul 25, 4:00PM EDT|Pre-Market : 17.95 2.77 (18.25%) 7:53AM EDT - Nasdaq Real Time Price

Share RecommendKeepReplyMark as Last Read


From: ECole7/29/2013 5:51:52 AM
   of 1966
 
Activision Blizzard will acquire approximately 429 million shares and certain tax attributes from Vivendi in exchange for $5.8 billion in cash, approximately $13.60 a share before taking into account benefit to the company of these tax attributes.


Business update call transcript

Share RecommendKeepReplyMark as Last Read


From: Sr K9/18/2013 6:50:33 PM
   of 1966
 
Down 3% AH on legal challenge.

finance.yahoo.com

Share RecommendKeepReplyMark as Last Read


From: Sr K7/15/2014 11:38:27 AM
   of 1966
 
All-time high this morning.

Share RecommendKeepReplyMark as Last Read


From: Sr K10/9/2014 9:37:54 PM
   of 1966
 
finance.yahoo.com

Activision Blizzard, Inc. ( ATVI), the creators of the popularCall of Duty® franchise, today filed a response to Manuel Noriega’s opposition in the frivolous lawsuit brought by the former dictator and convicted murderer. Rudy Giuliani, former New York City Mayor and named partner of Bracewell & Giuliani LLP, will argue as co-counsel beside Munger, Tolles & Olson LLP, at the October 16 hearing in Los Angeles Superior Court in support of Activision Blizzard’s motion. Activision Blizzard is moving to strike Noriega’s lawsuit on the grounds that the minor inclusion of a Noriega character in Call of Duty®: Black Ops II is protected free speech.

“Manuel Noriega had no more than an inconsequential appearance in Call of Duty and isn’t entitled to anything for his role as a brutal dictator,” said Rudy Giuliani. “If successful, this case would obliterate the entire genre of historical fiction. I couldn’t be more excited at the prospect of being back in court to defend the makers of Call of Duty against this convicted murderer who wants to make a mockery of the U.S. legal system and attack our right to free speech.”

Share RecommendKeepReplyMark as Last Read


From: Sr K5/16/2016 9:21:18 PM
   of 1966
 
Activision Executives Turn Their $100 Million Into $1.2 Billion

May 16, 2016 — 10:57 AM EDT

bloomberg.com

Share RecommendKeepReplyMark as Last Read


From: Krigannie10/30/2016 5:43:28 AM
   of 1966
 
6 Best Gaming Stocks To Buy Now
fool.com

Share RecommendKeepReplyMark as Last Read


From: more10012/19/2016 5:22:41 AM
   of 1966
 
This is looking cheap. Low PEG, strong long-term growth prospects w/ esports and a host of games that reach a wide, diversified audience.

Share RecommendKeepReplyMark as Last Read


From: more1001/16/2017 5:56:02 AM
   of 1966
 
Am tempted to add even more leaps. Not ideal to raise my cost basis but this thing should have legs!

Share RecommendKeepReplyMark as Last Read
Previous 10 Next 10 

Copyright © 1995-2017 Knight Sac Media. All rights reserved.Stock quotes are delayed at least 15 minutes - See Terms of Use.