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Activision Blizzard posted a wider loss while tagging some of its corporate cash for a shareholder dividend.
The company has $2.7 billion in cash and no debt. Activision Blizzard also has authorized a $1 billion share buyback.
The videogame company behind the Guitar Hero, Call of Duty and World of Warcraft franchises lost $286 million in the fiscal fourth quarter. That compared with a $72 million loss a year ago. Revenue fell 5 percent to $1.6 billion.
Shares of Activision Blizzard rose a nickel to $10.10
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