Key Developments: Activision Blizzard Inc (ATVI.O)

ATVI.O on Nasdaq

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1 Jul 2015
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Latest Key Developments (Source: Significant Developments)

Activision Blizzard Inc declares dividend
Thursday, 6 Feb 2014 04:04pm EST 

Activision Blizzard Inc:Says it has declared a cash dividend of $0.20 per common share payable on May 14, 2014 to shareholders of record at the close of business on Mar. 19, 2014.  Full Article

Activision Blizzard Inc Raises CY 2013 Guidance; Lowers Q4 2013 Guidance
Wednesday, 6 Nov 2013 04:05pm EST 

Activision Blizzard Inc announced that for calendar year 2013, it expect GAAP net revenues of $4.320 billion as compared to its previous outlook of $4.310 billion, GAAP earnings per diluted share of $0.83 as compared with the Company's previous outlook of $0.80-$0.82 per diluted share, non-GAAP net revenue of $4.285 billion compared with the Company's previous outlook non-GAAP net revenue guidance of $4.250 billion and non GAAP EPS earnings per diluted share of $0.89 as compared with the Company's previous outlook of $0.85-$0.85 per diluted share. For the fourth quarter of 2013, it expects GAAP net revenue of $1.255 billion as compared to its previous outlook of $1.300 billion, GAAP EPS outlook of $0.05 as compared to the Company's previous outlook of $$0.01-$0.04, non-GAAP net revenue of $2.215 billion as compared to the Company's previous outlook of $2.252 billion and non-GAAP EPS of $0.72 as compared to the Company's previous outlook of $0.76-$0.79. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $4.288 billion and EPS of $0.89 for calendar year 2013; and revenue of $2.288 billion and EPS of $0.79 for the fourth quarter of 2013.  Full Article

Activision Blizzard Inc Complete Purchase of Company Shares From Vivendi SA
Friday, 11 Oct 2013 03:45pm EDT 

Activision Blizzard, Inc announced that it has successfully completed its previously announced acquisition of approximately 429 million company shares and certain tax attributes from Vivendi SA for approximately $5.83 billion, or $13.60 per share in cash. ASAC II LP, an investment vehicle led by Activision Blizzard CEO Bobby Kotick and Chairman Brian Kelly, has also completed its purchase of approximately 172 million company shares from Vivendi for approximately $2.34 billion in cash, or $13.60 per share, in a separate transaction. The shares Activision Blizzard purchased in the transaction will no longer be treated as outstanding, leaving the majority of the remaining 690 million shares in the hands of public shareholders. With the closing of the transaction, ASAC II LP-the investor group which, in addition to Kotick and Kelly, includes Davis Advisors, Leonard Green & Partners, L.P., Tencent, and one of the world's largest global institutional investors-now owns approximately 24.7% of the Company. Vivendi has retained 83 million shares, an approximate 12% stake in the Company.  Full Article

Vivendi SA To Finalise Disposal Of Stake In Activision Blizzard Inc-Reuters
Thursday, 10 Oct 2013 01:42pm EDT 

Reuters reported that Vivendi SA said it expected to finalise the disposal of most of its stake in Activision Blizzard Inc in the coming days after the Delaware Supreme Court swept aside a lower court order blocking the $8.2 billion deal.  Full Article

Activision Blizzard Inc's Activision Publishing Files Patent Infringement Lawsuit Against Worlds Inc And Worlds Online Inc
Friday, 4 Oct 2013 07:50pm EDT 

Activision Publishing, Inc., a subsidiary of Activision Blizzard Inc, announced that it has filed a patent infringement lawsuit against Worlds Inc and Worlds Online Inc., in the U.S. District Court for the Central District of California. In the suit, Activision claims that Worlds has infringed, and continues to infringe, U.S. Patent No. 6,014,145 entitled "Navigation with optimum viewpoints in three-dimensional workspace interactive displays having three-dimensional objects with collision barriers" and U.S. Patent No. 5,883,628 entitled "Climability: property for objects in 3-D virtual environments." The contested product is software distributed by Worlds called "Worlds Player." Worlds Inc. filed a patent infringement lawsuit against Activision Blizzard, Inc., Blizzard Entertainment, Inc. and Activision Publishing, Inc. on March 30, 2012. That lawsuit is pending in the U.S. District Court for the District of Massachusetts.  Full Article

Activision Blizzard Inc Announces Completion Of Private Offering Of Senior Notes-Form 8-K
Thursday, 19 Sep 2013 04:43pm EDT 

Activision Blizzard Inc reported in its Form 8-K that on September 19, 2013, Activision Blizzard, Inc. (Company) completed its previously announced private offering of $1.500 billion aggregate principal amount of its 5.625% Senior Notes due 2021 and $750 million aggregate principal amount of its 6.125% Senior Notes due 2023. The Notes are the general senior obligations of the Company and are fully and unconditionally guaranteed on a senior basis by certain of the Company’s U.S. subsidiaries. The Notes and related guarantees will not be secured. In connection with the issuance of the Notes, the Company entered into an escrow agreement with Wells Fargo Bank, National Association, as escrow agent and as trustee under the Indenture. The proceeds of the offering were deposited, pursuant to the Escrow Agreement, into a segregated account pending completion of the transactions contemplated by the stock purchase agreement entered into on July 25, 2013, among the Company, Vivendi S.A., a société anonyme organized under the laws of France, and ASAC II LP, an exempted limited partnership established under the laws of the Cayman Islands and acting by ASAC II LLC, its general partner, which is terminable by the parties on or after October 15, 2013 if the Transactions have not closed by such date.  Full Article

Vivendi SA Announces Court Action in Connection with Its Sale of a Majority of Its Interest in Activision Blizzard Inc
Wednesday, 18 Sep 2013 06:07pm EDT 

Vivendi SA announced that the divestment of the majority of Vivendi SA's interest in Activision Blizzard Inc is being delayed by a United States court decision. An alleged shareholder of Activision Blizzard INC filed a lawsuit in the United States against Activision Blizzard Inc, Vivendi SA and ASAC II LP, a consortium of investors including the Activision Blizzard CEO Bobby Kotick and Co-Chairman Brian Kelly. The plaintiff claims that the transactions were required to be submitted to a vote of stockholders of Activision Blizzard Inc and therefore seeks to prevent consummation of the transactions. The Delaware Court of Chancery granted the plaintiff’s request, issuing an order which precludes the consummation of the transactions unless the order is modified on appeal or the transaction is approved by a Activision Blizzard Inc stockholder vote.  Full Article

Activision Blizzard Inc Announces Private Offering Of $1.0 Billion Senior Secured Notes, $1.5 Billion Senior Notes
Tuesday, 3 Sep 2013 07:30am EDT 

Activision Blizzard, Inc. announced that, subject to market and other conditions, Activision Blizzard (the Company) plans to offer $1.0 billion aggregate principal amount of senior secured notes due 2020 (the 2020 Notes), $1.0 billion aggregate principal amount of senior notes due 2021 (the 2021 Notes) and $500.0 million aggregate principal amount of senior notes due 2023 (the "2023 Notes" and, together with the 2020 Notes and the 2021 Notes, the Notes). The Company intends to use the net proceeds of the offering, along with cash on hand and proceeds from borrowings under senior secured credit facilities to be entered into concurrently with the completion of this offering, to: (i) finance the consideration to be paid by the Company to Vivendi S.A., a société anonyme organized under the laws of France (and together with its affiliates, "Vivendi") in connection with stock purchase transactions (the "Transactions") previously announced among the Company, Vivendi and ASAC II LP, an exempted limited partnership established under the laws of the Cayman Islands and acting by ASAC II LLC, its general partner; and (ii) pay the Company's fees and expenses incurred in connection with the Transactions. The Completion of this offering is conditioned upon the consummation of the Transactions and the closing of the senior secured credit facilities.  Full Article

Activision Blizzard Inc Reaffirms CY 2013 Guidance; Issues Q3 2013 Guidance; Revenue Guidance Above Analysts Estimates
Thursday, 1 Aug 2013 04:05pm EDT 

Activision Blizzard Inc announced that for calendar year 2013, it expect GAAP net revenues of $4.31 billion as compared to its previous outlook of $4.22 billion and GAAP earnings per diluted share of $0.77 as compared with the Company's previous outlook of $0.73 per diluted share. For non-GAAP, the Company is reaffirming its calendar year outlook of $4.25 billion in net revenues and EPS of $0.82 per diluted share. For third quarter of 2013, it expects GAAP net revenue of $635 million and EPS of $0.03, Non-GAAP net revenue of $585 million and EPS of $0.03. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $577 million and EPS of $0.03 for the third quarter of 2013.  Full Article

Activision Blizzard Inc Raises Q2 2013 Guidance; Reaffirms CY 2013 Guidance-Conference Call
Friday, 26 Jul 2013 08:30am EDT 

Activision Blizzard Inc announced that for the second quarter of 2013, it expects GAAP net revenue of approximately $1.05 billion and non-GAAP net revenue of $608 million with GAAP earnings per diluted share of approximately $0.28 and non-GAAP earnings per share (EPS) of $0.08, all of which were above its prior outlook. The Company also announced that for GAAP in light of its second quarter 2013 performance, it is increasing its fiscal 2013 GAAP outlook. For the calendar year 2013, the Company now expect GAAP net revenues of approximately $4.31 billion as compared to its previous outlook of $4.22 billion and GAAP earnings per diluted share of $0.77 as compared with the Company's previous outlook of $0.73 per diluted share. For non-GAAP, the Company is reaffirming its calendar year outlook of $4.25 billion in net revenues and EPS of $0.82 per diluted share. These calendar year EPS numbers do not yet take into account the substantial future accretion that will take place after the closing of the transaction. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $602 million and EPS of $0.05 for the second quarter of 2013.  Full Article

Judge OKs Activision $275 million shareholder settlement, $72 million for lawyers

WILMINGTON, Del. - A Delaware judge on Wednesday approved a $275 million shareholder settlement involving videogame maker Activision Blizzard Inc and awarded the small law firms that brought the case a $72.5 million fee.

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