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July 11th, 2008 @ 21:26
According to Kotaku, Activision Blizzard has announced a two-for-one stock split.
This means that the number of Activision Blizzard shares will double, encouraging new investors to purchase the half-price stock while not putting a dent in the stock of current investors.
“This action reflects our strong financial position and our confidence in the opportunities for further growth,” said company boss Bobby Kotick. “We believe the stock split will lead to wider ownership by making our stock accessible to a broader base of investors.”
So, they have the riches; when will they announce their purchase of the goose that lays golden eggs?
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