Reuters – Activision Blizzard Inc (ATVI.O) posted better-than-expected results on Wednesday, fueled by its hit holiday release “Call Of Duty: Modern Warfare 2,” and shares rallied as the company said it would start paying an annual dividend.

Activision’s stock rose 4.5 percent in after-hours trading.

The world’s largest standalone game publisher by market value has risen above much of the turmoil in the gaming industry thanks to blockbuster titles like “Call of Duty” and its margin-friendly online game “World of Warcraft.” …

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