This excerpt taken from the ATVI 8-K filed Jul 15, 2008.
Split to Take Effect Post Tender Offer of Activision Blizzard
Santa Monica, CA July 11, 2008 Activision Blizzard, Inc. (Nasdaq: ATVI) announced today that its Board of Directors approved a two-for-one stock split of its outstanding shares of common stock to be effected in the form of a common stock dividend.
Stockholders will receive one additional share for each share of common stock held on the record date. The company expects that the record date for the stock split will be a date shortly after the closing of the companys previously announced self tender offer. Additional information regarding the stock split, including announcement of the record date, will be provided by the company following completion of the tender offer.
This action reflects our strong financial position and our confidence in the opportunities for further growth, said Robert Kotick, President and CEO of Activision Blizzard. We believe the stock split will lead to wider ownership by making our stock accessible to a broader base of investors.