Activision Blizzard announced a 2 for 1 stock split on Friday. After the split Activision Blizzard will hold about 1.3 billion shares and stockholders will receive 1 share and a stock dividend of one additional share for each share they own.

Activision Blizzard Inc, posted higher profits Thursday on strong sales of "Kung Fu Panda" and "Guitar Hero: On Tour." Excluding results from Blizzard, Activision reported revenues of 18 cents a share significantly higher then its 9 cents per share for the same quarter a year prior.

Activision blew away wall street's estimates for its fourth quarter. The company posted game sales nearly doubling that of the same quarter a year prior. The company also issued a better then expected guidance for its first fiscal quarter. The company is expecting earnings of 13 cents a share, and plans to launch a new version of Guitar Hero for the DS as well as Enemy Territory: Quake Wars for... More

Gibson Guitar Inc. claims that Activision Inc infringed on one of its patents. Gibson states the game violates its 1999 patent for technology that can simulate a musical performance. Activision has filed a lawsuit asking the U.S. District Court to declare the patent invalid.

Activision released huge quarter three profits nearly doubling its results from a year prior. Activision reported revenues of $272.2 million or 86 cents per share up nearly 90 percent from last year. Analysts were expecting only 80 cents per share. Activision's results were led by strong sales of popular titles "Call of Duty" and "Guitar Hero."

Vivendi Games, who owns games such as World of Warcraft and Crash Bandicoot, reported Sunday that it plans to buy a controlling stake in Activision Inc. and combine the two companies. Under the agreement, shares of Vivendi Games will be converted into 295.3 million new shares of Activision common stock valued at $27.50 each. The transaction is expected to be completed in the first half of 2008.

Activision raised its earnings outlook for the third quarter based on strong sales for its two hit titles: Guitar Hero III: Lengends of Rock and Call of Duty 4. Analysts reported that the company updated guidance should remove investor concerns that the company's growth would slow in the next fiscal year.

Bobby Kotick, Activision's CEO, reported that prices of Sony's PlayStation 3 and Microsoft's Xbox 360 would need to drop below $200 within the next two years in order to reach mass-market appeal. He said, "The Wii at its price point is now setting a standard and an expectation, and people say, well, the Wii is less complex technically. I don't think that really matters as much to the consumer." He... More