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caddy311

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caddy311

Re: Xtrade post# 13343

Friday, 07/26/2013 3:25:13 PM

Friday, July 26, 2013 3:25:13 PM

Post# of 46513
Activision (ATVI) soars 17.9% following news it's buying back $5.8B in shares from Vivendi at $13.60 each (10% discount to last night's close). The deal is expected to boost EPS this year by 23-33%. CEO Bobby Kotick notes the mostly debt-financed purchase allows the company to take advantage of attractive financing while still retaining $3B of cash on hand. (PR)

- always interested in what ATVI is up to
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