Activision Plunges Most Since 2008 on Game Delays, Soft Forecast

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.

Activision also said Jen Oneal will step down as co-head of Blizzard. That leaves Mike Ybarra as the studio’s sole ...