Activision (NASDAQ:ATVI) to Pause Games for Chinese Players
18 Novembro 2022 - 09:22AM
TipRanks
Activision Blizzard’s (NASDAQ:ATVI) Blizzard Entertainment is
suspending most of its game services and stalling any new sales in
China. The company failed to finalize licensing agreement renewal
terms with its 14-year publishing partner NetEase (NTES).
Blizzard said that the deal was not consistent with its
“operating principles and commitments to players and employees.”
The ongoing agreement stands to expire in January 2023. Considering
that the current agreement contributed just 3% of Activision’s net
revenues in 2021, the move should not be of much concern to
investors. Is Activision a Buy Stock? On TipRanks, ATVI stock has a
Moderate Buy consensus rating based on six Buys and four Holds
recommendations.
https://www.tipranks.com/news/activision-nasdaqatvi-to-pause-games-for-chinese-players?utm_source=advfn.com&utm_medium=referral
Activision Blizzard (NASDAQ:ATVI)
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