Activision Stock Skyrockets
- Scribbled on December 3rd, 2007 by Jonah Falcon
- Filed in Industry News, Press Release
Hope you didn’t sell any Activision stock this year, because after the $18B merger between Activision and Vivendi/Blizzard was announced yesterday, the stocks skyrocketed:
…Investors rallied behind the companies on Monday morning. Activision (ATVI) saw its shares jump $3.55, or 16 percent, to $25.70 on the Nasdaq, while rival publisher Electronic Arts (ERTS) watched its stock slide 91 cents to $55.29… Meanwhile, Vivendi, which takes a controlling stake (up to 68 percent) in the new Activision Blizzard entity, watched its shares increase three percent. In fact, French rival Infogrames and Ubisoft also watched their stock rise amidst speculation over further industry consolidation. Ubisoft shares climbed 6.8 percent and Infogrames shares increased 7.7 percent.
(Thanks, GameDaily.)
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