During its last earnings call, Activision Blizzard ( ATVI ) set guidance of $6.3 billion in revenue for full 2017. However, the company is very likely to beat earnings. The main reason for this is the sale of seven Overwatch teams, which was not taken into account by the company when it provided the guidance during Q1 earnings call. Therefore, a buying opportunity has arisen. I will analyze it in this article, providing my updated valuation of the company.