Denver, CO, 07/29/2013 (Avauncer.com) –Shares of Activision Blizzard Inc., (NASDAQ:ATVI) rose by a whopping 15.02% to close at $17.46 in its last trading session. This was near to the higher end of its 52-week price range of $10.45 to $17.76. Also, shares were heavily traded with 41.85 million shares exchanging hands, as against an average volume of 6.23 million shares. This will help it to become an independent company. This means that the company will be able to remove a major risk factor from its Balance sheet, thereby lowering the leverage in its operations. The company shall also be able to free its Board from the control of Vivendi, which could earlier decide on matters put in front of shareholders, such as approval of important transactions, and declaration of dividends on its common stock. The deal shall help restore public control of the company, which primarily remains held by public, rather than a single enterprise. With Vivendi off its capital structure, the company now expects its EPS to grow by 18% to 29% in 2013. However, the company expects to report revenues of $5 billion, a little below what it posted last year.

 

The company also recently announced of s plans to buy itself back from the French media company Vivendi, for $5.83 billion. This has been rightly times by the company, which intends to monetize the opportunity of Sony’s  Playstation 4 and Microsoft Inc (NASDAQ:MSFT) Xbox One announcing its release in the near future.

 

Also, shares of the company have seen a constant rising trend in its prices, as well as earnings and revenue figures over the last four quarters. This has increased confidence among investors, who are expecting the revenues to increase, keeping up with its old trend.

 

The company intends to release its 2Q2013 earnings result on August 1, 2013