--Videogame company Activision Blizzard Inc. and Chinese gaming giant NetEase Inc. scrapped a World of Warcraft smartphone game that has been in development for three years, Bloomberg reports, citing people familiar with the matter.

--The two companies disagreed over terms and ultimately called a halt to the project, Bloomberg says, citing a person familiar with the deal.

--NetEase has disbanded a team of more than 100 developers tasked with creating content for the title, and only some were offered internal transfers, the report says.

--Representatives for Activision and NetEase didn't immediately respond to a request for comment from Dow Jones Newswires.

Full story at https://www.bloomberg.com/news/articles/2022-08-03/blizzard-netease-scrap-warcraft-game-after-financing-dispute?sref=b0us4KbN

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

August 03, 2022 13:23 ET (17:23 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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