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ATVI » Topics » Mario Gabelli - Gabelli & Company - Analyst

This excerpt taken from the ATVI DEFA14A filed Dec 5, 2007.

Mario Gabelli  - Gabelli & Company - Analyst

 

Okay, so no issues. Most of the world that I followed materially underestimated the operating profits of Blizzard, obviously. They were well hidden. The second part deals with why did you take a two-step approach to the cash portion? You’re buying $1.7 billion of stock on step one and then within a short period of time, you’re buying another $600 million. Is that a tax-driven - it’s too much of a nit. Let’s do it offline. Okay, thank you. Congratulations to both of you.

 

Bobby Kotick  - Activision - Chairman, CEO

 

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