Activision Blizzard will join the S&P 500 on Friday after the bell as part of the Home Entertainment Software Sub-Industry index. The video game maker will be replacing Pall (PLL), which has been bought by Danaher (DHR) for almost $14 billion, reports the Associated Press.
United Continental will join Activision Blizzard on the S&P 500 on Sept. 2 under the Airlines Sub-Industry index. It will replace Hospira (HSP) after the market closes. Hospira is being removed from the S&P 500 because it’s being acquired by Pfizer (PFE) for about $15 billion, the Associated Press notes.
When Activision Blizzard is added to the S&P 500, it will be one of only two game companies on the index. The other game company that is included in the S&P 500 is Electronic Arts (EA), reports Bloomberg.
ATVI shares were up 5% and UAL shares were up 7% as of Noon Friday.