Meiam said:
So an Heartstone player, during a tournament, expressed support for Hong Kong protester. Blizzard banned him, took away his prize money and, just to be dick I guess, fired both caster who were simply present when he express his support...
https://twitter.com/Slasher/status/1181442535962632193?s=19
https://www.cnet.com/news/blizzard-removes-blitzchung-from-hearthstone-grand-masters-after-his-public-support-for-hong-kong-protests/
https://kotaku.com/blizzard-suspends-hearthstone-player-for-hong-kong-supp-1838864961
Blizzard is partly owned by Tencent, a Chinese company. Guess all those conspiracy about chinese company buying western company for control might not be so crazy...
I don't think Tencent's 4.8% stake in Activision Blizzard is the biggest issue here, though I'm sure it doesn't help. The problem is the amount of revenue that is generated in China.
Let's say Blizzard reverses course, with Activision's support, and gives the prize money back and updates its policies and allows any and all Hong Kong support. And China, as a result, institutes a country-wide ban on Activision Blizzard game sales, blocks all connections to Battle.net, etc. That's going to cost the company a *significant* amount of revenue (and profits) and create long term damage to the company's stock price.
The shareholders of the stock, who couldn't care less about Hong Kong, would absolutely take action over that decision, whether it would be threatening some type of shareholder lawsuit or courting a full-on corporate takeover of the company. In any event, if a decision from the Activision Blizzard executive team suddenly erased 50% of the stock's value because China suddenly bans the company, then I can pretty much guarantee you that the majority of shareholders (and probably the board of directors too) would immediately start looking to replace that entire executive team with new people that would do exactly what Blizzard is doing now.
I'm not saying what Blizzard is doing is right (it's not) or that I support their decision (I don't). I'm saying I've covered a fair number of shareholder lawsuits/revolts/takeovers and seen executive teams dumped for a whole lot less than what Blizzard is facing right now.
To circle back to my original point, Tencent isn't really the big issue -- it's the rest of the shareholders that Blizzard is afraid of.