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Activision Registers for Stock Sale

Activision is using the momentum gained from a better than expected first quarter to raise new funds.
The company has filed with the Securities and Exchange Commission to issue 5 million new shares of common stock. At Activision’s current share price, the sale could raise as much as $177 million, funds Activision hopes to use for product development, capital expenditures, joint ventures, and strategic acquisitions. “We wanted to make sure that people saw us and Electronic Arts in a similar light,” said Activision CEO Bobby Kotick.

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