Activision Blizzard (NASDAQ: ATVI) announced on Tuesday on the microblogging site Weibo that the Chinese publisher NetEase (NTES) had turned down its proposal to extend their long-time partnership for six months.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Shares of ATVI have fared relatively better in the past year amid the macroeconomic volatility, down by more than 6%.
The World of Warcraft video game developer’s games services will not be available on NTES after January 23. Back in November, ATVI announced the end of its 14-year collaboration with NetEase.
According to a Reuters report, this partnership was considered a lucrative one. China is the world’s biggest gaming market with NTES being the second-largest gaming company in China.
