Big deal. ATVI's non-GAAP 2016 numbers should rise to nearly $2 on this. Of course who knows how viable KING's long term prospects are, but Kotick has a good track record with his big deals.

This mornings sell-off was a gift to cover any short and get a long position imo. Once this over-reaction is over, people will focus on what it means for 2016 numbers and beyond. With around $2 earnings, low $30's really isn't that expensive. I think this years CoD has a shot of reversing the recent CoD declines too. Both previous BLOPS games were huge sellers and if it even does about 75% of what each of those did, that's growth. I don't believe it will ever return to its peak, but I do think this one can stem the decline.

I was surprised to find that King generates the level of revenues it does.  Wonder what Kotik has in mind and what King is working on, one would think it is something big enough to command three times revenue

Call of Duty Saga? LOL, who knows. The important point to me is it's an acquisition with cash (debt) not shares. Clearly Kotick is all about delivering the earnings per share. Long term, that unit may never make back $6BN. Short term, it's a huge boost to eps for at least a few years, and ATVI can steadily pay down the debt just like they did with previous big deals.

It's important to remember there's an investor day this Friday too. You know there will be nothing but good things coming from analysts after that.