ACTIVISION BLIZZARD, INC.

(ATVI)
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Delayed Nasdaq  -  04:00 2022-08-09 pm EDT
80.59 USD   -0.51%
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Activision Blizzard Studio Buys Proletariat

07/01/2022 | 09:28am EDT

By Will Feuer


Activision Blizzard Inc. studio Blizzard Entertainment said it has bought Boston-based studio Proletariat Inc. to bolster support for its popular game "World of Warcraft."

"Over the next two years we plan to hire hundreds of the best developers to serve the needs of our 'World of Warcraft' players. The extraordinary team at Proletariat will be a key component of our talent acquisition efforts," Activision Chief Executive Bobby Kotick said.

Proletariat, having most recently released the battle royale game "Spellbreak," specializes in MMORPG, or massively multiplayer online role-playing games.

The deal comes as Activision seeks to wrap up its deal to be bought by Microsoft Corp. for $75 billion. The deal is expected to close by mid-2023.


Write to Will Feuer at Will.Feuer@wsj.com


(END) Dow Jones Newswires

07-01-22 0927ET

Stocks mentioned in the article
ChangeLast1st jan.
ACTIVISION BLIZZARD, INC. -0.51% 80.59 Delayed Quote.21.75%
MICROSOFT CORPORATION 0.71% 282.3 Delayed Quote.-15.88%
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Analyst Recommendations on ACTIVISION BLIZZARD, INC.
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Financials (USD)
Sales 2022 8 063 M - -
Net income 2022 1 912 M - -
Net cash 2022 8 364 M - -
P/E ratio 2022 33,9x
Yield 2022 0,61%
Capitalization 63 046 M 63 046 M -
EV / Sales 2022 6,78x
EV / Sales 2023 5,40x
Nbr of Employees 9 800
Free-Float 64,0%
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Technical analysis trends ACTIVISION BLIZZARD, INC.
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 25
Last Close Price 80,59 $
Average target price 93,52 $
Spread / Average Target 16,0%
EPS Revisions
Managers and Directors
Robert A. Kotick Chief Executive Officer & Director
Daniel I. Alegre President & Chief Operating Officer
Armin Zerza Chief Financial Officer
Brian G. Kelly Chairman
Frances Fragos Townsend Secretary & Chief Compliance Officer
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