Electronic Arts Inc., the second- largest U.S. video-game maker, fell the most in three weeks after technical problems with its recently released “Battlefield 4” raised concerns about the title’s future.
Activision Blizzard Inc. Chief Executive Officer Robert Kotick threatened to quit if directors didn’t allow him to lead a group that helped buy out most of Vivendi SA’s stake in the video-game maker for $8.2 billion, according to court papers.
Vivendi SA shareholder Vincent Bollore will replace Chairman Jean-Rene Fourtou, who led the former French utility for more than a decade, when it completes a separation of telecommunications business from media assets.
Vivendi SA, debating how to spend what remains of the $14 billion from asset sales after cutting debt, is done with big acquisitions for now as the board favors returning surplus cash to investors in the next six months.
Walt Disney Co. named Jimmy Pitaro sole president of its interactive business, assuming duties held by John Pleasants in a shake-up less than a week after the unit reported its second-ever quarterly profit.
Activision Blizzard Inc., the video- game publisher that bought out most of Vivendi SA’s controlling stake, posted third-quarter profit that beat analysts’ estimates. The forecast for this quarter fell short.
Activision Blizzard Inc. was barred by a judge from proceeding with a stock sale that investors say would give control of the video-game maker to a group led by a company director and its top executive.