Activision Blizzard Announces New $1.5 Billion Stock Repurchase Program

Activision Blizzard, Inc. ATVI today announced that its Board of Directors has authorized a new stock repurchase program under which the company can repurchase up to $1.5 billion of the company's outstanding common stock. This program replaces the company's $1 billion stock repurchase plan program authorized in February 2010, which expired on December 31, 2010. As of December 31, 2010, Activision Blizzard had purchased an aggregate of 86 million shares of its common stock for approximately $966 million under the 2010 program.