Activision Blizzard Stock News

Activision Blizzard (NASDAQ:ATVI) was downgraded by stock analysts at JPMorgan Chase & Co. from an overweight rating to a neutral rating in a research report issued on Thursday, The Fly reports. They presently have a $88.00 target price on the stock, down from their previous target price of $100.00. JPMorgan Chase & Co.s price target []

The situation at Activision continues to deteriorate as some shareholders call for CEO Bobby Kotick and two board members to resign.

It turns out Blizzard employees weren’t the only ones to express frustration with their company and CEO Bobby Kotick after The Wall Street Journal published an explosive report on the ongoing sexual harassment scandal at the publisher. In an email obtained by Bloomberg , Sony Interactive CEO Jim Ryan critiqued Activision’s response to the article. Ryan linked Sony employees to the report, and said he was “disheartened and frankly stunned to read” The Journal’s findings. “We outreached to Activision immediately after the article was published to express our deep concern and to ask how they plan to address the claims made in the article,” Ryan says in the message. “We do not believe their statements of response properly address the situation.” As the company that makes the PlayStation 4 and PS5, Sony is one of Activision’s most important partners. Their close relationship is highlighted by the fact Sony has first dibs on some Call of Duty content . The fact Ryan’s email leaked shouldn’t come as a surprise given that it was an all-hands message.

The SOC Investment Group, which handles investments for union pension funds, issued a letter to Activision Blizzard demanding the resignation of CEO Bobby Kotick, as well as two other board members.

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After a newspaper report levels fresh allegations, employees call for Bobby Kotick to step down.

The head of Activision Blizzard is under new pressure to resign after a damning report on his behaviour, as the co-head of Treyarch quits.

Shannon Liao / Washington Post : Over 100 Activision Blizzard employees staged a walkout on Tuesday, its second in the past four months, demanding CEO Bobby Kotick step down after a WSJ report This story has been updated from a previous version. IRVINE, Calif. Employees at beleaguered video game company Activision

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REUTERS Employees at Activision Blizzard are calling for CEO Bobby Koticks job after The Wall Street Journal dropped a bombshell story on Tuesday, in which the paper reported that Kotick knew about allegations of sexual misconduct and assault but didnt tell his board. The story also outlined alleged harassment involving Kotick personally, including that he once left a voicemail for an assistant threatening to have her killed. He ultimately settled with the accuser, the Journal wrote. An Activision spokesperson said Kotick previously apologized for the hyperbolic comments. More than 100 employees, many at Activisions Santa Monica headquarters, joined a walkout on Tuesday protesting the companys leadership, a current employee told The Daily Beast. Read more at The Daily Beast.

The protest occurred after a WSJ report on Chief Executive Bobby Koticks handling of sexual misconduct issues at the videogame company.