Microsoft deal, not profit, is the focus for Activision stock


Wall Street barely reacted to

Activision Blizzard’s

third quarter results on Monday as investors are much more focused on the acquisition by


for $69 billion in cash.

Activision Blizzard

reported net bookings, a form of adjusted revenue, of $1.83 billion, while non-GAAP earnings reached 68 cents per share. Analysts polled by FactSet had forecast bookings of $1.7 billion and non-GAAP earnings of 50 cents a share. The company said it Call of Duty: Modern Warfare II title was the fastest selling in franchise history.

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