Activision Files With SEC for Stock Sale

Activision Inc., a Santa Monica-based publisher of video and computer games, filed with the Securities and Exchange Commission an option to raise $750 million in stock, $250 million of which would be used solely for acquisitions.

Company spokeswoman Maryanne Lataif said executives have not decided when they will exercise the option, nor have they outlined any plans to use the money raised. She also declined to comment on any acquisition plans for Activision, which has bought five companies in the last year.

Activision now has $1.3 billion in available capital, which would let the company make a viable bid for most video game companies, said analyst Michael Pachter of Wedbush Morgan Securities.