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Shares of Netflix, the first of the megacap techs to report, slide in early trading

Activision Blizzard says could not reach deal with union at Raven studio

Reuters
FILE PHOTO: The Activision booth is shown at the E3 2017 Electronic Entertainment Expo in Los Angeles

SAN FRANCISCO (Reuters) - Activision Blizzard said on Tuesday that it was unable to reach agreement with the Communications Workers of America as the union seeks recognition of a unit at its Raven studio.

The U.S. video game company said in a statement that it expects the CWA to file a petition with U.S. National Labor Relations Board for a union election at the studio.

Microsoft announced its plans to acquire Activision last week.

(Reporting by Julia Love; Editing by Sandra Maler)