Key Developments: Activision Blizzard Inc (ATVI.OQ)
18.20USD
1 Aug 2013
$0.22 (+1.22%)
$17.98
$17.94
$18.33
$17.70
1,560,622
2,001,505
$18.43
$10.45
Latest Key Developments (Source: Significant Developments)
Activision Blizzard Inc Reaffirms FY 2013 Guidance; Issues Q3 2013 Guidance; Revenue Guidance Above Analysts Estimates
Activision Blizzard Inc announced that for fiscal 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
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, 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
Activision Blizzard Inc Announces Transformative Purchase Of Shares From Vivendi SA
Activision Blizzard Inc announced that it has reached an agreement under which it will acquire from Vivendi approximately 429 million Company shares and certain tax attributes, in exchange for approximately $5.83 billion in cash, or $13.60 per share acquired before taking into account the future benefit from these tax attributes. In a simultaneous transaction, ASAC II LP, an investment vehicle led by Activision Blizzard CEO Bobby Kotick and Co-Chairman Brian Kelly, to which they have personally committed $100 million combined, separately will purchase approximately 172 million Company shares from Vivendi for approximately $2.34 billion in cash, or $13.60 per share. Following the completion of the transaction, Activision Blizzard will be an independent company with the majority of shares owned by the public. The Company will be led by Bobby Kotick as Chief Executive Officer and Brian Kelly as Chairman. Vivendi will no longer be the majority shareholder, but will retain a stake of 83 million shares or approximately 12%. ASAC II LP-the investor group which, in addition to Kotick and Kelly, includes Davis Advisors, Leonard Green & Partners, L.P., Tencent, will own a stake of approximately 24.9%. Activision Blizzard will fund the acquisition with the combination of approximately $1.2 billion of domestic cash on hand and approximately $4.6 billion of debt proceeds, net of fees and upfront interest. The transaction is expected to close by the end of September 2013. Full Article
Activision Blizzard Inc Raises CY 2013 Guidance; Issues Q2 2013 Guidance; Revenue Guidance Below Analysts' Estimates
Activision Blizzard Inc announced that for calendar year 2013, it expects GAAP-Net Revenues to be $4.220 billion and Non-GAAP Net revenues to be $4.250 billion. GAAP-EPS is expected to be in the range of $0.73 and Non-GAAP EPS to be $0.82. For the second quarter of 2013, it expects GAAP-Net Revenues to be $980 million and Non-GAAP Net revenues to be $590 million. GAAP-EPS is expected to be in the range of $0.21 and Non-GAAP EPS to be $0.05. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $603 million and EPS of $0.05 for the second quarter of 2013. Full Article
Activision Blizzard Inc Issues CY 2013 Guidance; Issues Q1 2013 Guidance Above Analysts' Estimates
Activision Blizzard Inc announced that for calendar year 2013, it expects GAAP-Net Revenues to be $4.085 billion and Non-GAAP Net revenues to be $4.175 billion. GAAP-EPS is expected to be in the range of $0.68 and Non-GAAP EPS to be $0.80. For the first quarter of 2013, it expects GAAP-Net Revenues to be $1.160 billion and Non-GAAP Net revenues to be $690 million. GAAP-EPS is expected to be in the range of $0.29 and Non-GAAP EPS to be $0.10. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $681 million and EPS of $0.09 for the first quarter of 2013. Full Article
Activision Blizzard Inc Declares Cash Dividend
Activision Blizzard Inc announced that the Board of Directors declared a cash dividend of $0.19 per common share payable on May 15, 2013 to shareholders of record at the close of business on March 20, 2013. Full Article
Activision Blizzard Inc Raises CY 2012 Guidance; Issues Q4 2012 Guidance Above Analysts' Estimates
Activision Blizzard announced that announced that based on better-than-expected third quarter results, the Company is raising its outlook for calendar year 2012 from the estimates it provided on August 2, 2012. For calendar year 2012, it expects GAAP net revenues of $4.574 billion, non-GAAP net revenues of $4.805 billion, GAAP earnings per diluted share (EPS) of $0.88 and non-GAAP EPS of $1.10. For the third quarter of 2012, it expects GAAP net revenues of $1.485 billion, non-GAAP net revenues of $2.412 billion, GAAP earnings per diluted share (EPS) of $0.19 and non-GAAP EPS of $0.70. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $4.676 billion and EPS of $1.01 for calendar year 2012; and revenue of $2.336 billion and EPS of $0.67 for the fourth quarter of 2012. Full Article
Activision Blizzard Raises FY 2012 Guidance; Issues Q3 2012 Guidance Below Analysts' Estimates
Activision Blizzard announced that announced that based on better-than-expected second quarter results, the Company is raising its fiscal 2012 net revenue and earnings per share outlook. For fiscal 2012, it expects GAAP net revenues of $4.330 billion, non-GAAP net revenues of $4.630 billion, GAAP earnings per diluted share (EPS) of $0.69 and non-GAAP EPS of $0.99. For the third quarter of 2012, it expects GAAP net revenues of $740 million, non-GAAP net revenues of $690 million, GAAP earnings per diluted share (EPS) of $0.06and non-GAAP EPS of $0.07. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $4.580 million and EPS of $0.98 for fiscal 2012; and revenue of $728 million and EPS of $0.12 for the third quarter of 2012. Full Article
Activision Blizzard's Activision Publishing Announces Strategic Relationship With Flurry Inc.
Activision Publishing, a wholly owned subsidiary of Activision Blizzard, Inc. announced that the Company has formed a strategic relationship with Flurry Inc., to establish a new mobile publishing initiative that will identify and assist third-party developers in the development, publishing, distribution and promotion of independent titles on iOS and Android platforms. Full Article
Activision Blizzard Announces Settlement Of Infinity Ward Litigation
Activision Blizzard announced that all parties to the litigation have reached a settlement of the dispute, the terms of which are strictly confidential. The Company does not believe that the incremental one-time charges related to the settlement will result in a material impact on its GAAP or non-GAAP earnings per share outlook for the current quarter or the calendar year, due to stronger-than-expected operating performance in the current quarter. Full Article
Activision CEO says 'business as usual' after buyback deal
SAN FRANCISCO - Activision Blizzard Inc will conduct "business as usual" for now while it explores growth and acquisition opportunities, the video game publisher's CEO said on Thursday after sealing a deal last week to buy back most of parent company Vivendi's stake for more than $8 billion.

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