• Home
  • About Us
  • Authors
  • Contact Us
  • Privacy Policy
  • Accessibility
  • Terms of Use
  • Migliori Bonus Casino
  • Siti Di Poker
  • Non Gamstop Casinos UK
  • Non Gamstop Casinos UK
  • Casino Non Aams
  • Casinos Not On Gamstop
facebook
lastfm
linkedin
tumblr
pinterest
  • Sports
  • Entertainment
  • Automotive
  • Technology
  • Fashion and Lifestyle
  • World
  • Featured
  • Investment
BREAKING NEWS
UBS AG (US listing) (NYSE:UBS): Announced 2Q13 Results
Sprint Nextel Corporation’s (NYSE:S) Disappointing Results
Facebook Inc (NASDAQ:FB) Greg Marra And Team Visits India
Pfizer Inc., (NYSE:PFE) is internally restructuring its business
Sirius XM Radio Inc., (NASDAQ: SIRI) analysis of second quarter earnings
Saks Inc., (NYSE:SKS) deal with Hudson Bay
Synta Pharmaceuticals Corp., (NASDAQ:SNTA) announces success in its clinical trial of its drug for breats cancer
Zynga Inc., (NASDAQ:ZNGA) denied online money gambling by U.S. regulators
Workers Filed A Lawsuit Against Apple Inc. (NASDAQ:AAPL)
Risks of instability in SPDR S&P ETF Trust (NYSEARCA:SPY)

Activision Blizzard Inc., (NASDAQ:ATVI) moves to become an independent company once again

Posted On 29 Jul 2013
By : Neha Gupta
Comment: 0
Tag: Activision Blizzard Inc (NASDAQ:ATVI), Microsoft Inc (NASDAQ:MSFT), NASDAQ:ATVI, NASDAQ:MSFT

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

About the Author
Neha Gupta has completed her CFA Level 2 and has also her PGDBA, and has good analytical abilities. Getting into the intricacies of the stock information, delving into the company’s financial statements is my passion and have a great deal of understanding of Economy their impact on the Market and individual stocks.
  • google-share
Previous Story

Zynga Inc., (NASDAQ: ZNGA) Shares Dip After It Announces Its Quarter Earnings

Next Story

Facebook Inc., (NASDAQ:FB) scope in mobile advertising

Related Posts

0

Microsoft Corporation (NASDAQ:MSFT) Prospects Seem Gloomy With Failure One After Other

Posted On 30 Jul 2013
, By Sophia.Mark
0

Zynga Inc., (NASDAQ: ZNGA) Shares Dip After It Announces Its Quarter Earnings

Posted On 29 Jul 2013
, By Alexander Cooke
0

Microsoft Corporation (NASDAQ:MSFT) geared on Android.

Posted On 23 Jul 2013
, By Aida Ekberg

Leave a Reply Cancel reply

*
*

RECENT

POPULAR

COMMENTS

UBS AG (US listing) (NYSE:UBS): Announced 2Q13 Results

Posted On 31 Jul 2013

Sprint Nextel Corporation’s (NYSE:S) Disappointing Results

Posted On 31 Jul 2013

Facebook Inc (NASDAQ:FB) Greg Marra And Team Visits India

Posted On 31 Jul 2013

Pfizer Inc., (NYSE:PFE) is internally restructuring its business

Posted On 31 Jul 2013

Sirius XM Radio Inc., (NASDAQ: SIRI) analysis of second quarter earnings

Posted On 31 Jul 2013

Better than last quarter results for Anthera Pharmaceuticals Inc (NASDAQ:ANTH) - MRK, LLY, IMMU

Posted On 28 Mar 2013

RF Industries divides its profits with investors- hikes quarterly dividend.

Posted On 25 Mar 2013

Vanguard’s health slips as it loses contract

Posted On 25 Mar 2013

Cyprus out of doldrums with $13 billion EU barter

Posted On 25 Mar 2013

Samsung- Planting new seeds in Vietnam with $2 billion plant

Posted On 25 Mar 2013
Copyright 2013 Avauncer Inc. All Right Reserved. Powered by Avauncer Media.