ATVI News and Press, Activision Blizzard Inc From 01/26/23

The antitrust probes into Microsoft's ( NASDAQ: MSFT ) $69B bid for Activision Blizzard ( NASDAQ: ATVI ) roll on, as Reuters reports that Sony ( NYSE: SONY ) gaming chief Jim Ryan met with EU antitrust head Margrethe Vestager Wednesday to discuss the proposed deal. ...

Summary Cloud remains the engine of growth for Microsoft Corporation. Microsoft Corporation is slashing 5% of the workforce and investing $10 billion in Open AI. Despite its slowest revenue growth in more than 5 years, Microsoft Corporation's financials remain robust. Busi...

Summary Netflix delivered a phenomenal quarterly earnings call, which gave analysts, investors, and insiders hope in the company. The stock responded positively by +8% in the following session. We provide an update to our thesis upon reviewing all the data points from the sell-side and ...

Summary Couche-Tard, Activision Blizzard, and Intertape Polymer (acquired throughout the year) were my top performers for 2022. The increase in dividends is worth a lot more to me than how my portfolio did in 2022. The increase comes mostly from dividend increases by companies and f...

Summary Microsoft has followed fellow tech giants by announcing layoffs of 10,000 employees around the world and taking a $1.2 billion restructuring write-off. There's nothing fundamentally wrong with Microsoft's business, however. The company will be able to use payroll savings to fund...

Summary Merger arbitrage spreads are wide. There are plenty of opportunities with spreads of up to 81%. This is a detailed review of the most interesting transactions in the space. Merger arbitrage is an event-driven investment strategy of betting on a successful acquisiti...

Benchmark has cut full-year growth estimates for Activision Blizzard ( NASDAQ: ATVI ), but it still sees room for upside even in what it considers the likely event that an acquisition by Microsoft ( NASDAQ: MSFT ) falls through. The videogame maker reports earnings on Feb. 6, ...

Summary Future growth in revenues is in question. Other issues include the slowdown of Azure revenues and the uncertainty of ChatGPT implementation. The company’s financials are very healthy, but the stock is a little pricey at current valuations. 10-year DCF model sugges...

Summary Garena's in-house game development capabilities have proven to be strong as it managed to develop its own successful self-developed game, Free Fire. The third-party game publishing business of Garena has a solid track record with relationships with key global game developers lik...

On a report that its planned tie-up with a giant peer might be heading into rough regulatory waters, Activision Blizzard (NASDAQ: ATVI) stock took a body blow from investors on Tuesday. They traded the video game giant's shares down by nearly 3%, on a day when the S&P 500 index sl...