- Microsoft Corp MSFT gaming EVP Phil Spencer is evaluating its relationship with Activision Blizzard Inc ATVI following indifference to official sexual misconduct incidents by Activision CEO, the Wall Street Journal reports.
- Microsoft was Activision's fourth-largest customer in 2020.
- Activision is battling protests and demands of CEO resignation from its employees, shareholders, and customer Sony Group Corp SONY.
- Multiple investment firm analysts have slashed their price targets on Activision following the revelation of the scandal.
- Price Action: MSFT shares traded higher by 0.27% at $342.20 in the premarket session on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
