Why did Activision Blizzard stock drop?

Why did Activision Blizzard stock drop?

Shares have fallen in recent weeks after the California Department of Fair Employment and Housing filed a lawsuit after a two-year investigation that alleged Activision Blizzard discriminated against female employees and said its workplace culture has led to harassment targeting women at the company.

How much did Vivendi buy Blizzard for?

On July 25, 2013, Activision Blizzard announced the purchase of 429 million shares from owner Vivendi for $5.83 billion, dropping the shareholder from a 63% stake to 11.8% by the end of the deal in September.

Is Activision owned by Vivendi?

Vivendi has sold its remaining interest in Activision Blizzard. The telecom giant today announced that it sold its remaining 41.5 million shares in the publisher for $1.1 billion. That represented about 5.7 percent of Activision Blizzard’s common shares.

Is Activision Blizzard overvalued?

The stock of Activision Blizzard (NAS:ATVI, 30-year Financials) is believed to be modestly overvalued, according to GuruFocus Value calculation. It is calculated based on the historical multiples that the stock has traded at, the past business growth and analyst estimates of future business performance.

Is ATVI undervalued?

In fact, the average price of analysts’ estimates stands at $117. This suggests that ATVI stock is significantly undervalued at the current levels, and investors can use this dip as a buying opportunity for long term gains.

Is Activision Blizzard a good long term investment?

With its continued revenue growth and the expansion of its mobile free-to-play games, Activision Blizzard could be a good long-term option for any investor.

Who is named in the blizzard lawsuit?

A World of Warcraft NPC named after Blizzard developer Alex Afrasiabi also received a name change after it was revealed that Afrasiabi was also part of the Cosby Suite crew, and was specifically named in California’s lawsuit for sexual harassment.