ATVI – A Stock To Ignore

Activision Blizzard, Inc (NASDAQ: ATVI) has slipped 4.90% in a market that is moving towards recovery. The fight that kicked off when ATVI fired the two heads of its wholly owned subsidiary Infinity Ward is getting uglier. Thirty-eight current and former employees of this subsidiary are suing the publisher for alleged unpaid royalties on the game.

Infinity Ward is behind “Modern Warfare 2,” last year’s best selling videogame.

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