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Activision Blizzard says NetEase rejects proposal to extend partnership

By Josh Ye HONG KONG (Reuters) -Activision Blizzard Inc, the U.S. video game developer behind hit franchise Warcraft, on Tuesday said its Chinese publisher NetEase (NASDAQ:NTES)...
Activision Blizzard says NetEase rejects proposal to extend partnership © Reuters. Copies of World of Warcraft: Mists of Pandaria video game published by Activision Blizzard, owned by Vivendi, are displayed in a shop in Rome, October 16, 2012. REUTERS/Tony Gentile
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By Josh Ye

HONG KONG (Reuters) -Activision Blizzard Inc, the U.S. video game developer behind hit franchise Warcraft, on Tuesday said its Chinese publisher NetEase (NASDAQ:NTES) Inc had turned down a proposal to extend their long-time partnership for six months.

In a statement on microblogging site Weibo (NASDAQ:WB), the U.S. firm's subsidiary Blizzard China said it contacted NetEase last week with a proposal to extend their partnership and that the Hangzhou-based company had declined.

Blizzard China said its game services will end on Jan. 23.

NetEase did not immediately respond to a Reuters request for comment.

The development comes after Activision Blizzard (NASDAQ:ATVI) in November said it would end its 14-year partnership with NetEase, the second-largest gaming company in China. The announcement sent shockwaves across the industry as the partnership was widely seen one of the most lucrative in video games.

NetEase, in a November earnings briefing, said it had made the utmost effort to negotiate but found the proposed terms requested by the U.S. company unacceptable.

NetEase then said it would have to discontinue Activision Blizzard's game service in China, the world's biggest gaming market, on Jan. 23.

With the demise of their partnership, Activision Blizzard was left without a Chinese publisher and said in December it was in talks with potential partners.

NetEase rose to become a gaming giant partly by publishing Activision Blizzard's games in China. The company has since accelerated its own game development capability, with in-house games now accounting for over 60% of revenue.

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07-02-2023 08:32:52 (UTC+7)

EUR/USD

1.0740

+0.0010 (+0.09%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (4)

Sell (3)

EUR/USD

1.0740

+0.0010 (+0.09%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (4)

Sell (3)

GBP/USD

1.2047

+0.0031 (+0.25%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (1)

USD/JPY

132.34

-0.32 (-0.24%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

AUD/USD

0.6899

+0.0019 (+0.27%)

Summary

↑ Buy

Moving Avg:

Buy (12)

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Indicators:

Buy (9)

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USD/CAD

1.3428

-0.0018 (-0.13%)

Summary

↑ Sell

Moving Avg:

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Buy (0)

Sell (7)

EUR/JPY

142.11

-0.22 (-0.15%)

Summary

Neutral

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Sell (12)

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Buy (5)

Sell (4)

EUR/CHF

0.9954

-0.0006 (-0.06%)

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↑ Sell

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Buy (2)

Sell (6)

Gold Futures

1,884.80

+5.30 (+0.28%)

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↑ Buy

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Silver Futures

22.332

+0.095 (+0.43%)

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Copper Futures

4.0440

+0.0070 (+0.17%)

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Crude Oil WTI Futures

74.77

+0.66 (+0.89%)

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↑ Buy

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Brent Oil Futures

81.66

+0.28 (+0.34%)

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Natural Gas Futures

2.493

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US Coffee C Futures

176.35

+3.55 (+2.05%)

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Neutral

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Euro Stoxx 50

4,205.45

-52.53 (-1.23%)

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Neutral

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S&P 500

4,111.08

-25.40 (-0.61%)

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↑ Buy

Moving Avg:

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DAX

15,345.91

-130.52 (-0.84%)

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Neutral

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FTSE 100

7,836.71

-65.09 (-0.82%)

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Neutral

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Buy (4)

Sell (4)

Hang Seng

21,369.00

+146.84 (+0.69%)

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US Small Cap 2000

1,954.80

-30.73 (-1.55%)

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↑ Sell

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Sell (11)

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IBEX 35

9,159.20

-66.40 (-0.72%)

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BASF SE NA O.N.

52.950

-1.090 (-2.02%)

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Bayer AG NA

58.19

+1.51 (+2.66%)

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Allianz SE VNA O.N.

219.30

-1.45 (-0.66%)

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Neutral

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Adidas AG

155.36

-5.70 (-3.54%)

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Deutsche Lufthansa AG

9.803

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Siemens AG Class N

142.96

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Sell

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Deutsche Bank AG

11.356

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    EUR/USD 1.0740 ↑ Buy  
    GBP/USD 1.2047 ↑ Buy  
    USD/JPY 132.34 ↑ Sell  
    AUD/USD 0.6899 ↑ Buy  
    USD/CAD 1.3428 ↑ Sell  
    EUR/JPY 142.11 Neutral  
    EUR/CHF 0.9954 ↑ Sell  
    Gold 1,884.80 ↑ Buy  
    Silver 22.332 ↑ Buy  
    Copper 4.0440 ↑ Buy  
    Crude Oil WTI 74.77 ↑ Buy  
    Brent Oil 81.66 ↑ Buy  
    Natural Gas 2.493 ↑ Sell  
    US Coffee C 176.35 Neutral  
    Euro Stoxx 50 4,205.45 Neutral  
    S&P 500 4,111.08 ↑ Buy  
    DAX 15,345.91 Neutral  
    FTSE 100 7,836.71 Neutral  
    Hang Seng 21,369.00 ↑ Buy  
    Small Cap 2000 1,954.80 ↑ Sell  
    IBEX 35 9,159.20 ↑ Sell  
    BASF 52.950 ↑ Sell  
    Bayer 58.19 ↑ Sell  
    Allianz 219.30 Neutral  
    Adidas 155.36 ↑ Sell  
    Lufthansa 9.803 ↑ Buy  
    Siemens AG 142.96 Sell  
    Deutsche Bank AG 11.356 ↑ Buy  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,640/ 6,700
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SJC Hanoi6,640/ 6,722
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SJC Nhatrang6,640/ 6,722
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Cập nhật 07-02-2023 08:32:55
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ↀ Giá vàng thế giới
$1,871.24 +5.87 0.31%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩm Vùng 1 Vùng 2
RON 95-V24.00024.480
RON 95-III23.14023.600
E5 RON 92-II22.32022.760
DO 0.05S22.52022.970
DO 0,001S-V24.28024.760
Dầu hỏa 2-K22.57023.020
ↂ Giá dầu thô thế giới
WTI $74.97 -0.21 -0.28%
Brent $81.49 -0.29 -0.35%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.270,0023.640,00
EUR24.549,3325.923,95
GBP27.521,0528.694,56
JPY172,49182,61
KRW16,1519,68
Cập nhật lúc 08:27:02 07/02/2023
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