Emma Asma Cornwall
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Emma Asma Cornwall in Gainers & Losers,

Activision Blizzard is in rally mode

Activision Blizzard is going to spend $5.9 billion to buy King Digital Entertainment in all-cash bid with a 25% premium over King's Monday close.

Personally I don't think it is a good deal for Activision, but shares are rallying... And from technical point of view rally may continue for some more time, so I'm not dumping the stock after today's jump