Interested in learning what's next for the gaming industry? Join gaming executives to discuss emerging parts of the industry this October at GamesBeat Summit Next. Register today.
The addition of the video game company to the S&P 500 is a milestone that will likely raise awareness of the company among investors, as the index of 500 publicly traded American companies is a bellwether for the overall economy. It joins two other S&P companies involved with gaming: Microsoft and giant publisher EA.
Starting after the close of normal trading on Friday, Activision Blizzard will replace Pall in a transaction that is pending final approvals. Activision Blizzard will be part of the home entertainment software sub-industry index.
“Joining the S&P 500 is a reflection of our talented teams’ passion, hard work and commitment to excellence. We believe we are well-positioned for long-term growth, and we look forward to continuing to deliver value to our audiences and investors,” said Activision Blizzard CEO Bobby Kotick, in a statement.
GamesBeat's creed when covering the game industry is "where passion meets business." What does this mean? We want to tell you how the news matters to you -- not just as a decision-maker at a game studio, but also as a fan of games. Whether you read our articles, listen to our podcasts, or watch our videos, GamesBeat will help you learn about the industry and enjoy engaging with it. Discover our Briefings.