Activision Stock Price Depends on Microsoft Acquisition

Activision Stock Price Depends on Microsoft Acquisition

Activision Blizzard (NASDAQ: ATVI) was one of the strongest performers in the DFC Intelligence Video Game Stock Index for 2022.  From January 2022 to January 2023, ATVI stock price increased 15% versus an average 30% decline in the index.  Of course, the reason for the increase was that Microsoft announced plans to buy Activision Blizz.....
Activision Blizzard Revenue Declines

Activision Blizzard Revenue Declines

For the third quarter ending 9/30/22 Activision Blizzard (NASDAQ: ATVI) saw revenue decline 14% from Q3 2021 to $1.8 billion.  For the first nine months of 2022 revenue was down 22% over the first nine months of 2021.  In a letter, ATVI CEO Bobby Kotick said the merger with Microsoft is expected to close by the end of Microsoft’s fiscal year on 6.....
Microsoft Acquisition of Activision Blizzard Enters Phase 2

Microsoft Acquisition of Activision Blizzard Enters Phase 2

One of the biggest issues of 2022 has been the potential Microsoft acquisition of Activision Blizzard. DFC Intelligence continues to argue that events of recent months indicate the deal is should get approved. Multiple Government Agencies Review the Deal There are several agencies around the globe looking at the Microsoft.....
Microsoft Acquisition of Activision Blizzard Should Be Approved

Microsoft Acquisition of Activision Blizzard Should Be Approved

Going into the last part of 2022 it is looking like the Microsoft acquisition of Activision Blizzard (ATVI) will be approved. Microsoft has successfully framed the deal as a means of improving its competitive position in the PC game and console game spaces, an area where Microsoft has struggled against Valve and Sony. However, becoming more competitive in the video game business is not the primary consideration driving the acquisition. The reality is that acquiring ATVI is not about Mi.....
Will Microsoft Acquisition of Activision Blizzard Go Through?

Will Microsoft Acquisition of Activision Blizzard Go Through?

The proposed acquisition of Activision Blizzard (NASDAQ: ATVI) by Microsoft is massive by any standards. Of course, it raises many questions. The video game industry is trying to gauge the potential impact of the deal. However, the bigger issue is what are the chances of this deal going through? And if it does occur how long will it take? When Microsoft announced it was buying Activision Blizzard for $95 a share the stock was tradin.....
Microsoft Announces Plan to Buy Activision Blizzard

Microsoft Announces Plan to Buy Activision Blizzard

Today it was announced that Microsoft plans to acquire Activision Blizzard (NASDAQ: ATVI) for $68.7 billion. This is the largest video game deal ever and it will likely take some time to go through. Here are our initial thoughts. • Activision Blizzard was looking in a weak position with internal turmoil. The thinking was the company would need to be split up with Activision, Blizzard, King as three separate parts. It was hard to imagine any company willing to swallow the whole pill. .....
Activision Blizzard Removes Games from GeForce Now

Activision Blizzard Removes Games from GeForce Now

Last week Activision Blizzard (Nasdaq: ATVI) released its annual results for 2019.  Revenue was down over 2018, but the stock had a nice increase.  This week ATVI announced it would remove its games from the newly launched GeForce Now streaming service.  So, what is up with Activision? In 2019, Activision revenue was $6.5 billion versus $7.0 billion for 2018.  Net income in 2019 was $1.5 billion versus $1.8 billion the previous year.  However, the week after th.....