Activision Blizzard Fails To Renew Gaming License With NetEase; Explores Other Alternatives To Tap Biggest Gaming Market – Yahoo Finance

NetEase, Inc (NASDAQ: NTES) ditched an offer from U.S. games publisher Activision Blizzard, Inc (NASDAQ: ATVI) to extend their China licensing agreement by six months.
The denial signals the exit of global titles like World of Warcraft from the top gaming market, Bloomberg reports.
Blizzard’s content and online services will be unavailable in China from January 23 under the existing agreement.
Blizzard and NetEase failed to reach a new licensing agreement in 2022 that would have prolonged their 14-year partnership of delivering Blizzard titles to the Chinese market.
The report added that the collaboration helped build NetEase into China’s second-biggest games distributor, after Tencent Holdings Ltd (OTC: TCEHY), and offered the Blizzard unit a reliable partner for franchises like DiabloWarcraft, and Overwatch.
Blizzard remained in discussions over alternative distribution partners to help avoid the cutoff of its services in China.
Separately, Microsoft Corp’s (NASDAQ: MSFT) deal to snap Activision Blizzard faced opposition from the Federal Trade CommissionSony Group Corp (NYSE: SONY), Alphabet Inc’s (NASDAQ: GOOG) (NASDAQ: GOOGLGoogle and Nvidia Corp (NASDAQ: NVDA) over anti-competitive concerns in the video game industry.
Price Action: ATVI shares closed lower by 0.31% at $76.66 on Friday.
Photo Via Wikimedia Commons
Don’t miss real-time alerts on your stocks – join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.
© 2023 Benzinga does not provide investment advice. All rights reserved.
Related Quotes
If the sky-high forward dividend yield of 8.6% is making you consider a purchase of Medical Properties Trust (NYSE: MPW) stock, you aren't alone. The future of this hospital real estate business seems quite certain; it'll keep doing what has worked in the past, namely buying and then renting out healthcare spaces.
Millennials have given up on stocks. Is it time to follow suit?
Cannabis real estate investment trust (REIT) Innovative Industrial Properties (NYSE: IIPR) has had a wild year. Things only got worse for the company when a class action lawsuit was filed against Innovative Industrial Properties in April. Shortly after, it announced the default of one of its major tenants, Kings Garden, which resulted in a massive sell-off.
Extreme Networks (EXTR) delivered earnings and revenue surprises of 12.50% and 4.45%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Yahoo Finance Live anchors Dave Briggs and Seana Smith highlight what investors should expect in Tesla's fourth-quarter earnings call.
NextEra Energy Partners (NEP) delivered earnings and revenue surprises of -23.08% and 15.05%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Ford (NYSE: F) might be a legacy automaker, but it does not want to get left behind in the EV revolution. Investors who want to get in on the electric vehicle boom might have an excellent choice with this dividend-paying stock.
Yahoo Finance’s Pras Subramanian joins the Live show to discuss fourth-quarter earnings for aircraft maker Boeing.
Rise in loan balance, higher interest rates and the MUFG Union Bank acquisition support U.S. Bancorp's (USB) Q4 earnings. Yet, lower fee income and an increase in expenses and provisions are headwinds.
Freeport-McMoRan (FCX) delivered earnings and revenue surprises of 30% and 7.81%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
U.S. Bancorp (USB) delivered earnings and revenue surprises of 8.11% and 4.79%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
If Vanguard's predictions are right, those future asset returns likely aren't what investors are hoping for.
Five high-yielding dividend stocks with exceptional growth track records are Blackstone (NYSE: BX), Enterprise Products Partners (NYSE: EPD), ONEOK (NYSE: OKE), Verizon (NYSE: VZ), and W. P. Carey (NYSE: WPC). That combination of income and growth makes them great dividend stocks to buy hand over fist these days.
On Wednesday morning, AT&T , or "Telephone" as traders once referred to the company in the way they once referred to McDonald's as "Burgers", released the firm's fourth quarter financial results. For the three-month period ended December 31st, AT&T posted GAAP EPS of a loss of $3.20. A total of $3.81 per share worth of adjustments were made, primarily ($3.57) for impairments, abandonments, and restructuring.
Companies that trade at low earnings multiples and pay big dividends have historically managed to outperform the broader market and post relatively strong returns during recessionary periods. With that in mind, read on for a look at two high-yield dividend stocks that are worth adding to your portfolio before this month is out. The company paid far too much to acquire the declining DirecTV business back in 2015, and it followed that up with another disastrous deal to acquire Time Warner in 2019.
A US-based financial forensic firm has alleged that India’s Adani Group, led by the world’s third-richest person Gautam Adani, is involved in a massive and “brazen stock manipulation” and “accounting fraud scheme.”
Upstart Holdings, Inc. (UPST) has received quite a bit of attention from users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
It all depends on whether you're trading for the short term or the long term.
Carvana (NYSE: CVNA), a fast-growing and disruptive online used-car retailer, is one such enterprise that wishes 2022 had never happened. While the shares continue to bounce around quite a bit, Carvana's current market capitalization is about $1.2 billion. Enter Carvana.
Does the January share price for Apple Inc. ( NASDAQ:AAPL ) reflect what it's really worth? Today, we will estimate the…


Leave a Comment