Jim Bell reportedly was forced to resign as part of a push by activist investor Ryan Cohen to "reshape the ailing retailer.”
Microsoft has benefited from businesses accelerating the shift to cloud infrastructure and applications due to the COVID-19 pandemic.
“We are living in unprecedented times and more people than ever before are turning to games for entertainment and a sense of community."
The company unexpectedly pushed out the next title in its "Battlefield" franchise one year, to 2022.
The acquisition combines about 60 casinos and resorts in 16 states under a single name.
The retailer believes it can still "leverage our industry-leading position to drive growth in the second half" of the year.
The chipmaker's cryptocurrency-mining business collapsed in the second quarter and it now expects a “negligible” revenue contribution in the future.
The chain's "differentiated experience across our four platforms of eat, drink, play and watch, continues to resonate with our guests."
The retailer's same-store sales dropped 0.7% in the fourth quarter amid weaker-than-expected demand from gamers and product outages.
The gaming unit accounted for more than 75% of Sony's total profit while the struggling smarthpone business broke even.
“Companies like Warner Brothers need to be straight with consumers in their online ad campaigns," the Federal Trade Commission says.
The combined company will have more than half a billion monthly active users, says Activision Blizzard CEO Robert Kotick.
