Streetbeat News

ATVI

Activision Blizzard Inc

https://www.activisionblizzard.com/

CEO

Robert Kotick

Employees

2,373

Industry

Software Publishers

activision blizzard is the world's most successful standalone interactive entertainment company. our portfolio includes some of the biggest franchises in all of entertainment, developed by the incredibly talented teams at activision publishing, blizzard entertainment, king digital entertainment, activision blizzard studios, major league gaming, and our independent studios, including toys for bob, infinity ward, sledgehammer games and treyarch. our central corporate operations provide shared services such as finance, it, sales and supply chain, human resources and legal.

Open

94.48

Mkt cap

74B

Volume

7.1M

High

94.54

P/E Ratio

34.59

52-wk high

94.57

Low

94.31

Div yield

N/A

52-wk low

70.94

Jim Ryan, president and CEO of Sony Interactive Entertainment, is set to retire in March 2024. Xbox Chief Phil Spencer paid tribute to Ryan, acknowledging his contributions to the gaming industry. Ryan had been a vocal critic of Microsoft's acquisition of Activision Blizzard, a point of contention between the two executives. Under Ryan's leadership, Sony's PlayStation 5 consistently outsold Microsoft's Xbox Series X and S.

Portfolio Pulse from Franca Quarneti

September 28, 2023 | 11:07 pm

Epic Games, the creator of Fortnite and Unreal Engine, is reportedly laying off 16% of its workforce, which equates to around 900 employees, according to Bloomberg News.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 2:56 pm

The article lists three overbought stocks in the communication services sector, which are considered overvalued and present an opportunity to go short. The stocks are JOYY Inc. (NASDAQ:YY), Activision Blizzard, Inc. (NASDAQ:ATVI), and SciPlay Corporation (NASDAQ:SCPL). The Relative Strength Index (RSI) values for these stocks are above 70, indicating they are overbought. Microsoft Corp (NASDAQ:MSFT) is also mentioned in relation to its acquisition strategy for Activision Blizzard.

Portfolio Pulse from Lisa Levin

September 28, 2023 | 10:59 am

Activision Blizzard's King has announced a collaboration with fashion designer Christian Cowan to launch a line of attachable pockets at Paris Fashion Week. The collaboration is tied to the Candy Crush Saga game.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 9:05 am

Capcom Co., Ltd's COO Haruhiro Tsujimoto stated that the company would decline any potential acquisition offer from Microsoft Corp. This statement was made in response to leaked documents showing Capcom as a potential acquisition target for Microsoft. Tsujimoto emphasized Capcom's preference for organic growth and developing talent in-house, stating that the company has no intention of acquiring other companies.

Portfolio Pulse from Franca Quarneti

September 26, 2023 | 10:21 pm

A leaked email from Microsoft Gaming CEO Phil Spencer reveals the challenges faced by AAA game publishers in the digital age. Spencer noted that AAA publishers have struggled to create new intellectual property (IP) and are relying on franchises created over a decade ago. Microsoft's response to these challenges is Xbox Game Pass, a subscription platform that has collaborated with AAA publishers like Take-Two Interactive Software, Ubisoft Entertainment, and Electronic Arts.

Portfolio Pulse from Franca Quarneti

September 25, 2023 | 6:17 pm

The article reports on the options activity of nine communication services stocks in today's session. The stocks include Meta Platforms Inc. (META), Activision Blizzard Inc. (ATVI), Parametric Technology Corporation (PARA), The Walt Disney Company (DIS), Cinemark Holdings Inc. (CNK), Alphabet Inc. (GOOG and GOOGL), Comcast Corporation (CMCSA), and Roku Inc. (ROKU). The article provides details on the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each stock.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 5:35 pm

Activision Blizzard's (NASDAQ:ATVI) 'Call of Duty: Modern Warfare III', developed by Sledgehammer Games, features a new element where players can use marijuana smoke as a finishing move. The game also includes imagery of cannabis and smoking figures on badges, banners, and character outfits. The game is set to release on consoles and PC on Nov. 10.

Portfolio Pulse from Franca Quarneti

September 22, 2023 | 5:09 pm

Wedbush analyst Nick McKay has reiterated an 'Outperform' rating on Activision Blizzard (NASDAQ:ATVI) and maintained a price target of $95.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 3:11 pm

Microsoft has revised its acquisition strategy for Activision Blizzard after facing regulatory hurdles in the U.K. The initial $69 billion bid was met with resistance due to concerns over potential dominance in the cloud gaming sector. The updated proposal includes Microsoft relinquishing cloud rights for current and upcoming Activision games for 15 years to UbiSoft Entertainment. Microsoft has also committed to releasing game versions compatible with other operating systems. The decision on the revised proposal is expected by October 18.

Portfolio Pulse from Anusuya Lahiri

September 22, 2023 | 2:13 pm

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