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NetEase confirms new Blizzard deal, and Morgan Stanley sees upside [Seeking Alpha]
NetEase, Inc. - American Depositary Shares, each representing 5 ordinary shares (NTES)
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Source: Seeking Alpha
Last netease, inc. - american depositary shares, each representing 5 ordinary shares earnings: 2/26 06:00 pm
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US:NASDAQ Investor Relations: netease.com
A previous deal that had covered 14 years expired at the end of 2022 (when Blizzard was still part of Activision Blizzard) amid a dispute on terms. Now hit titles including World of Warcraft (and other titles in Blizzard's Warcraft game universe), Overwatch, Diablo and Hearthstone will return to mainland China in a phased approach beginning this summer. The two companies also announced an agreement to explore bringing NetEase's titles to Xbox consoles and other platforms. “Blizzard and NetEase have done incredible work to renew our commitment to players – Blizzard's universes have been part of players' lives in the region for many years," Microsoft Gaming chief Phil Spencer said. "Returning Blizzard's legendary games to players in China while exploring ways to bring more new titles to Xbox demonstrates our commitment to bringing more games to more players around the world.” The move likely means more favorable financial terms for NetEase, Morgan Stanley estimated. Blizzard's
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NEWS
NEWS
- NetEase, Inc. (NASDAQ: NTES) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.[MarketBeat]
- Cloud Music Inc. Adds Expansive K-Pop Portfolio with JYP Entertainment Agreement[PR Newswire]
- Cloud Music Inc. Adds Expansive K-Pop Portfolio with JYP Entertainment Agreement[PR Newswire]
- NetEase, Inc. Announces Filing of Annual Report on Form 20-F for Fiscal Year 2023 and Publication of 2023 Environmental, Social and Governance Report[PR Newswire]
- NetEase, Inc. (NASDAQ: NTES) had its price target lowered by analysts at HSBC Holdings plc from $130.00 to $126.00. They now have a "buy" rating on the stock.[MarketBeat]
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NTES
SEC Filings
SEC Filings
- 4/26/24 - Form 6-K
- 4/25/24 - Form 6-K
- 4/25/24 - Form 20-F
- NTES's page on the SEC website
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