Shares of Activision Blizzard Inc. ATVI, -0.37% fell 0.3% in premarket trading Monday, after the video game company, with franchises including "Call of Duty," "Warcraft" and "Candy Crush," reported first-quarter profit and revenue that missed expectations. The company, which announced in January a $69 billion acquisition deal with Microsoft Corp. MSFT, -2.41% which is expected to close by June 30, said net income fell to $395 million, or 50 cents a share, from $619 million, or 79 cents a share, in the year-ago period.