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Activision Blizzard Announces Settlement of Infinity Ward, Sees No Material Impact from Charge

By Insider Scoop
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Courtesy of Benzinga.

Activision Blizzard (Nasdaq: ATVI) today announced that all parties to the litigation have reached a settlement of the dispute, the terms of which are strictly confidential. The company does not believe that the incremental one-time charges related to the settlement will result in a material impact on its GAAP or non-GAAP earnings per share outlook for the current quarter or the calendar year, due to stronger-than-expected operating performance in the current quarter.

(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.


For more Benzinga, visit Benzinga Professional Service, Value Investor, and Stocks Under $5.

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