![]() However, it’s a bargain compared with the stock’s performance in the first half of last year, before a sexual bias lawsuit filed by a California state agency in July plunged the company into crisis. The bid is a 45% premium on Activision’s closing price Friday. Microsoft’s shares slid about 1.3% in early trading on the news. In November, Activision delayed two of its most anticipated games and gave a sales forecast for the fourth quarter that fell short of Wall Street’s expectations, sending the shares plunging. The scandal has taken a toll on a company already struggling to adapt to the end of a pandemic-fueled video game boom. Kotick, who has led the company for three decades, has been under pressure from employees to resign. One of the industry’s most legendary publishers, Activision has been mired in controversy for months amid several lawsuits over allegations of gender discrimination and harassment. ![]() Most of Activision’s games are published on Xbox consoles. The publisher’s largest franchise, Call of Duty, became successful largely due to Microsoft’s innovative online platform Xbox Live, which allows players to connect for multiplayer matches. Activision has a long history with the Xbox. ![]() Adding Activision’s stable of popular titles will help Microsoft expand its own offerings for the Xbox console and better compete with rival Sony Corp.’s PlayStation.
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