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Activision Plunges Most Since 2008 on Game Delays, Soft Forecast

  • Diablo IV and Overwatch 2 will take longer to finish
  • Fourth-quarter outlook for earnings and sales disappoint
Employees during a walkout at Activision Blizzard offices in Irvine, California, on July 28.
Employees during a walkout at Activision Blizzard offices in Irvine, California, on July 28.Photographer: Bing Guan/Bloomberg
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Activision Blizzard Inc., the video game publisher facing lawsuits for sexual discrimination and harassment, delayed two of its most anticipated games and gave a fourth-quarter forecast that fell short of expectations. The shares plunged.

Diablo IV and Overwatch 2 will take longer than anticipated to finish, Activision said in a statement Tuesday. They are two of the biggest projects from Blizzard, the division that has been acutely affected by the sexual misconduct scandal. The company didn’t provide release dates.