Activision Blizzard
Activision Blizzard, Inc. is an American video game and film holding company based in Santa Monica, California. The company was founded in July 2008 through the merger of Activision, Inc., the holding company of Activision Publishing, and Vivendi Games, the company is traded on the NASDAQ st…
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Why is everyone talking about Activision Blizzard stock?
“It requires consistency, commitment and leadership that not only talks the talk, but walks the walk. That’s why ... everyone can do their best work.” Thousands of Activision Blizzard ...
Why do people think Activision own Blizzard?
Activision Blizzard needs its Blizzard unit to keep up the momentum it has seen in recent quarters. This is especially important considering that the Activision unit’s user base growth has slowed down in the last two years. In contrast, Blizzard is doing exceptionally well, with Overwatch and a roster of strong gaming titles.
How bad is Activision Blizzard?
The news may come as surprising for some, as it indicates that Activision Blizzard had a good year marred by a less-than-stellar final quarter despite being hit with various sexual harassment and discrimination lawsuits since July.
Why did Blizzard merge with Activision anyway?
Why did Blizzard merge with Activision? The gaming companies it owned were sold to a French media company called Vivendi. The new division was called Vivendi Games and Blizzard was part of it. In 2007, Activision was on hard times so they merged with Vivendi and the game division was renamed Activision / Blizzard to capitalize on the brand name ...
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What will happen to Activision Blizzard stock after merger?
If the merger is approved and completed -- which is still expected to occur by June 30, 2023 -- Activision Blizzard will delist from Nasdaq and no longer be a publicly traded company. This means shareholders will no longer own stock in the surviving business, which would be a wholly-owned subsidiary of Microsoft.
Will Activision stock turn into Microsoft stock?
But like you said, they are being acquired by Microsoft. If you buy Activision Blizzard today and plan to hold for the next 20 years, you are going to be a Microsoft shareholder. They are acquiring.
What will Activision shareholders get?
At a special meeting today, Activision Blizzard stockholders approved Microsoft's proposal to acquire the gaming company for $68.7 billion. This all-cash transaction values the creator of games like Call of Duty, World of Warcraft and Candy Crush at $95 per share.
Will Activision Blizzard deal go through?
Shareholders overwhelmingly approve of the sale. Activision Blizzard shareholders overwhelmingly approved a planned sale to Microsoft on Thursday, with 98% voting in favor of the proposed deal.
Is Activision a good stock to buy?
With shares currently trading more than 18% below its acquisition price, Activision Blizzard might not only be worth holding, but also buying.
How likely is Activision acquisition?
More than 98% of Activision shares voted in favor of the acquisition, the company said.
Will Activision acquisition go through?
The Microsoft-Activision deal has already passed the first hurdle. More than 98% of the shares at the Activision Blizzard Special Meeting of Stockholders voted in favor of the proposed acquisition. Microsoft expects the transaction to be finalised by June 30, 2023, but there's a potential blocker in the way.
Is Microsoft still buying Activision?
The Microsoft-Activision Blizzard deal has until June 2023 to close. If the deal is able to close, this would make Microsoft the world's No. 3 gaming company.
Is Microsoft buying Activision?
Activision Blizzard shareholders approve the company's $69 billion acquisition by Microsoft. Shareholders in Activision Blizzard approved overwhelmingly to accept Microsoft Corporation's offer of $68.7 billion (£54.66 billion) to acquire the company at yesterday's Special Meeting of Stockholders.
Is Blizzard being dissolved?
A thread posted on the MMO-Champion website states, “Blizzard Entertainment is being dissolved early 2022. It is going to be replaced by a new team called Insight that be a more direct part of the renamed Activision Insight. Much of Blizzard, though not all, will be sacked and replaced with new employees for Insight.”
Why is Activision trading at a discount?
Activision shares have been trading at a substantial discount to Microsoft's offer price, largely because of worries about regulatory approval for the deal.
Does Microsoft buy ATVI?
Microsoft's acquisition of Activision Blizzard is not seen as a sure thing by the market. On Jan. 18, news broke that Microsoft (MSFT 2.76%) had agreed to acquire video game developer Activision Blizzard (ATVI 0.27%) in a cash deal valued at $68.7 billion.
MSFT will buyout Activision in an all-cash deal
Microsoft is buying Call of Duty, Tony Hawk Pro Skater, and World of Warcraft maker Activision Blizzard for $68.7 billion in an all-cash deal.
Microsoft roots its decision in community, but Activision employees are still struggling
In December, reports about a major Activision resignation swirled. This followed the walkout and petition employees produced to attempt to get Kotick out of his chief executive post. Unionization is still on employees' minds, and it isn't clear whether the internal community will be able to do so under Microsoft’s watch.
NASDAQ: MSFT
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Locking in a quick gain is tempting, but there are good reasons to hold your Activision Blizzard shares until the deal is finalized
Microsoft 's ( MSFT 5.11% ) proposal to buy top game publisher Activision Blizzard ( ATVI 0.37% ) is far from a done deal. On Tuesday, the software giant agreed to pay $68.7 billion, or $95 per share, in an all-cash deal to buy Activision .
NASDAQ: MSFT
I bought shares of Activision Blizzard when the stock was trading in the $60s, but deal or no deal, there are two reasons I'm not planning to cash out anytime soon.
Reason 1: It's easy money
Microsoft's buyout offer was 15% above Tuesday's closing price. Investors can earn another 15% gain by simply holding their Activision shares until the deal is finalized, which will look like a smart move if the market declines in 2022. But first, the deal has to be approved. Here's why that should happen.
Reason 2: The deal might not happen
One reason the deal won't receive approval is that it would fuel more industry consolidation and, in turn, give big tech the green light to make more deals and dominate a large and growing entertainment market.
It's a win-win
If Microsoft's acquisition attempt fails, Activision shareholders would still own a highly profitable game company that is well-positioned to ride the future growth of the industry, with top franchises under its belt, and interests in esports and consumer products to boot.
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Microsoft's acquisition of Activision Blizzard is not seen as a sure thing by the market
Justin loves covering stocks across all industries, but his heart is in high-growth technology. He's been a student of the market for more than a decade. Stocks are his second love to his wife and kids, which is how he spends his free time.
What happens if the deal fails?
In the price chart below, you can see how the stock spiked in early January on the news of the deal. The stock had been selling off before that, primarily due to controversy around the company's management team and alleged misconduct in the workplace.
Is the risk worth the reward?
This is the question that investors ultimately need to answer for themselves. If the deal does close, buying the stock at $80 today gives you a potential 18.7% gain at the $95 per share acquisition price. If the deal falters, the downside is unknown because we cannot predict price action.
