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ACTIVISION BLIZZARD, INC.

(ATVI)
  Report
Delayed Nasdaq  -  04:00:00 2023-02-03 pm EST
75.24 USD   -2.43%
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Union says Microsoft will recognize unit of videogame testers

12/05/2022 | 05:09pm EST
FILE PHOTO: Microsoft buys Activision, in New York City

(Reuters) - Microsoft Corp will voluntarily recognize a union of about 300 videogame testers at subsidiary ZeniMax Studios if they vote to unionize, a first for the company in the United States, the Communication Workers of America union (CWA) said on Monday.

ZeniMax employees at four locations in Maryland and Texas began voting through an online platform on Friday. The company owns major game franchises including The Elder Scrolls and Fallout.

Voluntarily agreeing to bargain with the union would allow Microsoft to avoid a formal election overseen by the U.S. National Labor Relations Board and the legal battles that often ensue.

CWA President Christopher Shelton applauded Microsoft's move in a statement, saying "when workers have the opportunity to join a union without company interference, it empowers them to have their voices heard in the workplace."

Microsoft did not immediately respond to a request for comment.

The company in June entered into an agreement with the CWA to remain neutral in union organizing campaigns at Activision Blizzard Inc, which Microsoft is seeking to purchase for $69 billion. The proposed acquisition is facing antitrust scrutiny from U.S. and European regulators.

Game testers at Activision units Blizzard Albany and Raven Software have voted this year to join unions amid claims by the CWA that the company has threatened and retaliated against union supporters. Activision has denied wrongdoing.

(Reporting by Daniel Wiessner in Albany, New York; Editing by Marguerita Choy)

By Daniel Wiessner


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ACTIVISION BLIZZARD, INC. -2.43% 75.24 Delayed Quote.-1.71%
MICROSOFT CORPORATION -2.36% 258.35 Delayed Quote.7.73%
All news about ACTIVISION BLIZZARD, INC.
02/03S&P 500 Posts Weekly Climb Led by Communication Services, Technology Sectors as FOMC Sl..
MT
02/03Activision Blizzard settles SEC charges for $35 million
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02/03Activision Blizzard to Pay $35 Million for Failing to Maintain Disclosure Controls Rela..
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02/03Activision Blizzard to Pay $35 Million to Settle SEC Charges Related to Workplace Compl..
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02/03Activision Blizzard to pay $35mln to settle workplace charges, U.S. SEC says
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Analyst Recommendations on ACTIVISION BLIZZARD, INC.
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Financials (USD)
Sales 2022 8 135 M - -
Net income 2022 1 764 M - -
Net cash 2022 7 374 M - -
P/E ratio 2022 32,1x
Yield 2022 0,63%
Capitalization 58 885 M 58 885 M -
EV / Sales 2022 6,33x
EV / Sales 2023 5,19x
Nbr of Employees 9 800
Free-Float 64,1%
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Mean consensus BUY
Number of Analysts 24
Last Close Price 75,24 $
Average target price 91,61 $
Spread / Average Target 21,8%
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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
Jen Brewer Chief Ethics & Compliance Officer
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