Benzinga | Nov 19, 2021 08:12AM EST

Microsoft Reacts To Activision's CEO Indifference Against Sexual Misconduct

* Microsoft Corp (NASDAQ:MSFT) gaming EVP Phil Spencer is evaluating its relationship with Activision Blizzard Inc (NASDAQ:ATVI) following indifference to official sexual misconduct incidents by Activision CEO, the Wall Street Journal reports.

* Microsoft was Activision's fourth-largest customer in 2020.

* Activision is battling protests and demands of CEO resignation from its employees, shareholders, and customer Sony Group Corp (NYSE:SONY).

* Multiple investment firm analysts have slashed their price targets on Activision following the revelation of the scandal.

* Price Action: MSFT shares traded higher by 0.27% at $342.20 in the premarket session on the last check Friday.