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

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Wall Street barely reacted to

Activision Blizzard’s


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

Microsoft


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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