Activision Blizzard Plans 2-for-1 Stock Split

Authored by Mark Hefflinger on July 11, 2008 - 8:08am.

Santa Monica, Calif. - Activision Blizzard (NASD: ATVI), the company recently created through the merger of video game publisher Activision with Vivendi's games division, announced on Friday that it will effect a two-for-one stock split.

The company said the record date for the split will come shortly after its previously announced self tender offer.

Earlier this week, Activision announced that its stockholders had approved the $1.7 billion merger deal with Vivendi Games.

"This action reflects our strong financial position and our confidence in the opportunities for further growth," said Robert Kotick, president and CEO of Activision Blizzard.

"We believe the stock split will lead to wider ownership by making our stock accessible to a broader base of investors."

 

Related Links:
http://www.businesswire.com/news/google/20080711005407/en

http://www.activisionblizzard.com

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