Activision Blizzard Posts Quarterly Loss
In a fascinating bit of news, the newly merged Activision-Blizzard posted its first quarterly financial results. Merger costs led the company to a $108 million loss on $711 million revenue. The results beat analysts expectations. Activision Blizzard also announced a plan to buy $1 billion in stock. Luckily for them, World of Warcraft: Wrath of the Lich King and Call of Duty: World at War and a tiny little franchise called Guitar Hero coming out. Something tells me they are poised to make a whole heckuva lot of money this quarter. Go Blizzard.
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