Activision Blizzard to Release Second Quarter 2022 Financial Results on August 1, 2022
July 08 2022 - 9:00AM
Business Wire
Activision Blizzard, Inc. (Nasdaq: ATVI) intends to release its
second quarter 2022 results after the close of the market on
Monday, August 1, 2022.
As announced on January 18, 2022, Microsoft plans to acquire
Activision Blizzard for $95.00 per share in an all-cash
transaction. The transaction is subject to customary closing
conditions and completion of regulatory review. The transaction,
which is expected to close in Microsoft’s fiscal year ending June
30, 2023, has been approved by the boards of directors of both
Activision Blizzard and Microsoft and by Activision Blizzard’s
stockholders.
In light of the proposed transaction with Microsoft, and as is
customary during the pendency of an acquisition, Activision
Blizzard will not be hosting a conference call, issuing an earnings
presentation, or providing financial guidance in conjunction with
its second quarter 2022 earnings release.
About Activision Blizzard
Our mission, to connect and engage the world through epic
entertainment has never been more important. Through communities
rooted in our video game franchises we enable hundreds of millions
of people to experience joy, thrill and achievement. We enable
social connections through the lens of fun, and we foster purpose
and a sense of accomplishment through healthy competition. Like
sport, but with greater accessibility, our players can find purpose
and meaning through competitive gaming. Video games, unlike any
other social or entertainment media, have the ability to break down
the barriers that can inhibit tolerance and understanding.
Celebrating differences is at the core of our culture and ensures
we can create games for players of diverse backgrounds in the 190
countries our games are played.
As a member of the Fortune 500 and as a component company of the
S&P 500, we have an extraordinary track record of delivering
superior shareholder returns for over 30 years.
Our enduring franchises are some of the world’s most popular,
including Call of Duty®, Crash Bandicoot™, World of Warcraft®,
Overwatch®, Hearthstone®, Diablo®, StarCraft®, Candy Crush™, Bubble
Witch™, Pet Rescue™ and Farm Heroes™. Our sustained success has
enabled the company to support corporate social responsibility
initiatives that are directly tied to our franchises. As an
example, our Call of Duty Endowment has helped find employment for
over 100,000 veterans.
Learn more information about Activision Blizzard and how we
connect and engage the world through epic entertainment on the
company's website, www.activisionblizzard.com.
Forward-Looking Statements
This press release contains certain forward-looking statements
within the meaning of the “safe harbor” provisions of the United
States Private Securities Litigation Reform Act of 1995 with
respect to the proposed transaction between Microsoft Corporation
(“Microsoft”) and Activision Blizzard, Inc. (“Activision
Blizzard”), including statements regarding the benefits of the
transaction, the anticipated timing of the transaction and the
products and markets of each company. These forward-looking
statements generally are identified by the words “believe,”
“project,” “predicts,” “budget,” “forecast,” “continue,” “expect,”
“anticipate,” “estimate,” “intend,” “strategy,” “future,”
“opportunity,” “plan,” “may,” “could,” “should,” “will,” “would,”
“will be,” “will continue,” “will likely result,” and similar
expressions (or the negative versions of such words or
expressions). Forward-looking statements are predictions,
projections and other statements about future events that are based
on current expectations and assumptions and, as a result, are
subject to risks and uncertainties. Many factors could cause actual
future events to differ materially from the forward-looking
statements in this press release, including but not limited to: (i)
the risk that the transaction may not be completed in a timely
manner or at all, which may adversely affect Activision Blizzard’s
business and the price of the common stock of Activision Blizzard,
(ii) the failure to satisfy the conditions to the consummation of
the transaction, including the receipt of certain governmental and
regulatory approvals, (iii) the occurrence of any event, change or
other circumstance that could give rise to the termination of the
merger agreement, (iv) the effect of the announcement or pendency
of the transaction on Activision Blizzard’s business relationships,
operating results, and business generally, (v) risks that the
proposed transaction disrupts current plans and operations of
Activision Blizzard or Microsoft and potential difficulties in
Activision Blizzard employee retention as a result of the
transaction, (vi) risks related to diverting management’s attention
from Activision Blizzard’s ongoing business operations, (vii) the
outcome of any legal proceedings that have been or may be
instituted against Microsoft or against Activision Blizzard related
to the merger agreement or the transaction, (viii) the ability of
Microsoft to successfully integrate Activision Blizzard’s
operations, product lines, and technology, the impact of the
COVID-19 pandemic on Activision Blizzard’s business and general
economic conditions, (ix) restrictions during the pendency of the
proposed transaction that may impact Activision Blizzard’s ability
to pursue certain business opportunities or strategic transactions
and (x) the ability of Microsoft to implement its plans, forecasts,
and other expectations with respect to Activision Blizzard’s
business after the completion of the proposed merger and realize
additional opportunities for growth and innovation. In addition,
please refer to the documents that Microsoft and Activision
Blizzard file with the Securities and Exchange Commission on Forms
10-K, 10-Q and 8-K. These filings identify and address other
important risks and uncertainties that could cause events and
results to differ materially from those contained in the
forward-looking statements set forth in this press release.
Forward-looking statements speak only as of the date they are made.
Readers are cautioned not to put undue reliance on forward-looking
statements, and Microsoft and Activision Blizzard assume no
obligation and do not intend to update or revise these
forward-looking statements, whether as a result of new information,
future events, or otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220708005073/en/
Activision Blizzard, Inc.
Investors and Analysts: ir@activisionblizzard.com or Press:
pr@activisionblizzard.com
Activision Blizzard (NASDAQ:ATVI)
Historical Stock Chart
From Aug 2024 to Sep 2024
Activision Blizzard (NASDAQ:ATVI)
Historical Stock Chart
From Sep 2023 to Sep 2024