Activision Blizzard beats by $0.13, misses on revs; last month Microsoft (MSFT) announced it will acquire ATVI for $95/share (78.95 -0.30)
- Reports Q4 (Dec) earnings of $0.72 per share, $0.13 better than the S&P Capital IQ Consensus of $0.59; revenues fell 18.4% year/year to $2.49 bln vs the $2.83 bln S&P Capital IQ Consensus.
- As announced on January 18, 2022, Microsoft (MSFT) plans to acquire Activision Blizzard for $95.00 per share, in an all-cash transaction valued at $68.7 billion, inclusive of Activision Blizzard's net cash. The transaction is subject to customary closing conditions and completion of regulatory review and Activision Blizzard's stockholder approval. The transaction, which is expected to close in Microsoft's fiscal year ending June 30 2023, has been approved by the boards of directors of both Activision Blizzard and Microsoft.
Note: EPS is GAAP and revenue is net bookings.