There was plenty of big news for video game companies recently, as last week Activision Blizzard (ATVI +0.00%) hit five-year highs after it announced it would be buying back $8.17 billion worth of shares from parent company Vivendi. Why would a company that's been as successful as Activision want to suddenly separate itself from its profitable parent? In the following video, Mark Reeth explains just who exactly wanted a larger piece of the pie and how it will affect fellow gaming company and minority Activision shareholder Tencent.
Meanwhile, as Activision heads higher, Zynga (ZNGA +0.00%) plummets lower after the company announced that it won't pursue legalized online gambling in the United States. After a disappointing earnings report last week, can the struggling company really afford not to go all in on gambling? Watch the video and find out!
