Activision Blizzard, Inc. - ATVI STOCK NEWS

Activision Blizzard (ATVI) will release its Q1 2022 results on April 25, 2022, at 4:30 a.m. PT. The company is currently undergoing an acquisition by Microsoft, which plans to buy ATVI for $95.00 per share in an all-cash deal, pending regulatory approvals and shareholder consent. Microsoft intends to finalize the transaction by June 30, 2023. Due to this acquisition, Activision Blizzard will not host a conference call or provide guidance with its earnings release.

This morning, a federal court approved Activision Blizzard's (Nasdaq: ATVI) settlement with the EEOC, establishing an $18 million fund for eligible claimants. The agreement reflects the company's commitment to a safe workplace, as CEO Bobby Kotick emphasizes the importance of eliminating harassment and discrimination. Key actions include hiring an internal EEO coordinator, enhancing anti-harassment policies, and appointing a neutral third-party consultant to oversee compliance. Activision aims to be an industry model while addressing workplace culture and supporting diversity initiatives.

Activision Blizzard announces a partnership with Aim Lab as the official training sponsor of the Call of Duty League and the Call of Duty Challengers Scouting Series. This collaboration will allow fans to measure their skills against professionals using Aim Lab's personalized training tools. New content features will also highlight the skills required for esports success. The Scouting Series is set to launch later this year, showcasing emerging talent in Call of Duty Esports.

King, a subsidiary of Activision Blizzard (NASDAQ: ATVI), announced leadership changes with Tjodolf Sommestad becoming President, succeeding Humam Sakhnini, who is stepping down after 12 years. Co-founder Sebastian Knutsson will also leave his role as Chief Creative Officer to focus on charity. The transition aims to sustain growth, particularly after achieving over $1 billion in annual operating income and a 14% increase in in-game net bookings driven by the Candy Crush franchise. Sommestad expresses optimism about continuing the company's success.

Activision Blizzard reported Q4 and full-year 2021 earnings, with GAAP revenues of $2.16 billion in Q4, down from $2.41 billion year-over-year, and $8.80 billion for the year, up from $8.09 billion. GAAP EPS for Q4 was $0.72, surpassing expectations. Mobile bookings surged 18% year-over-year. The planned acquisition by Microsoft for $95 per share, valued at $68.7 billion, is pending regulatory approval. Activision Blizzard declared a dividend of $0.47 per share, reinforcing its strong financial position with $10.6 billion in cash and investments.

Activision Blizzard, Inc. (NASDAQ: ATVI) plans to announce its fourth quarter 2021 results after market close on February 3, 2022. This follows Microsoft's announcement on January 18, 2022, regarding its intent to acquire Activision Blizzard for $95.00 per share, totaling $68.7 billion, subject to regulatory approval and stockholder consent. The deal is projected to close by Microsoft’s fiscal year ending June 30, 2023. During this acquisition period, Activision Blizzard will refrain from hosting a conference call or providing earnings guidance.

Microsoft has announced its plan to acquire Activision Blizzard for $95.00 per share, totaling $68.7 billion. This acquisition aims to bolster Microsoft's gaming division across mobile, PC, console, and cloud, further enhancing its position as the world's third-largest gaming company by revenue. The deal includes renowned franchises like Warcraft, Diablo, Overwatch, Call of Duty, and Candy Crush. The merger is set to close in fiscal year 2023 and is expected to boost non-GAAP earnings per share.

Activision Blizzard, Inc. (ATVI) is set to announce its fourth quarter 2021 financial results after market close on February 3, 2022. A conference call is scheduled for 1:30 PM PT (4:30 PM ET) to discuss the earnings, which will also be available for online streaming. Participants are encouraged to pre-register for immediate access. The presentation will be accessible on the investor relations website, and a replay will be archived for one year. Activision Blizzard, a Fortune 500 company, is known for its engaging video game franchises.

Activision Blizzard, Inc. (ATVI) President Daniel Alegre addressed employees, highlighting the company's commitment to improving gender and diversity representation. Currently, women make up 24% of the workforce globally, aligning with industry peers, while 36% of U.S. employees identify as part of underrepresented groups. Plans include hiring DE&I leaders, tying diversity goals to executive performance, and enhancing recruitment systems. The company aims to boost women and non-binary representation by 50% within five years, emphasizing transparency in diversity initiatives.