Activision Blizzard, Inc (ATVI)Activision Blizzard formation set for July 8GameIndustry - June 11, 2008
Submitted by tyrile (511)
at 8:26AM PST on June 11, 2008
The official merger of Activision and the Vivendi games unit, including World of Warcraft publisher Blizzard, is set to complete on July 8 and will become the world's "most profitable" interactive entertainment company, according to Lazard Capital analyst Colin Sebastian.
In a note received by GamesIndustry.biz today Sebastian is raising the company's target price from USD 33 to USD 40 per share, with estimated earnings per share of USD 1.45-1.60 through fiscal 2009.
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