Activision Blizzard

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Activision Blizzard Settles Women's Bias Claims for $54M

Maker of video games was accused of denying promotions, paying men more for the same work

(Newser) - Activision Blizzard has agreed to pay about $54 million to settle discrimination claims brought by California's civil rights agency on behalf of women employed by the video game maker, the AP reports. The settlement, which is subject to court approval, resolves allegations that the maker of Call of Duty,...

Microsoft Closes One of Tech's Biggest Acquisitions

Company's massive $69B deal to buy 'Call of Duty' maker Activision Blizzard is approved

(Newser) - Microsoft has completed its acquisition of video game-maker Activision Blizzard for $69 billion, closing one of the most expensive tech acquisitions in history that could have repercussions across the video game industry, per the AP . The notice that the deal has gone through came seven hours after Microsoft got final...

Microsoft's $69B Activision Deal Gets a Breather

Deadline to close acquisition with game maker is extended until Oct. 18

(Newser) - The deadline for Microsoft's $69 billion acquisition of video game company Activision Blizzard has been extended as the companies seek to close a deal that has been vexed by US regulators, as well as by UK's Competition and Markets Authority. Microsoft believes that pushing back the deadline to...

Activision Jumps 10% After Ruling on Microsoft Deal
After Ruling in Big Case,
Activision Jumps 10%
MARKETS
Jul 11, 2023 4:00 PM CDT

After Ruling in Big Case, Activision Jumps 10%

Other winners Tuesday included Salesforce, Amazon

(Newser) - Stocks closed higher on Wall Street Tuesday as investors waited for updates on inflation and corporate profits. The S&P 500 rose 29.73, or 0.7%, to 4,439.26. The Dow Jones Industrial Average gained 317.02 points, or 0.9%, to 34,261.42, and the Nasdaq...

Judge Rejects FTC Move to Halt $69B Microsoft-Activision Deal

With clock ticking to get the deal closed, court hands Microsoft a major victory

(Newser) - A federal judge has handed Microsoft a major victory by declining to block its looming $69 billion takeover of video game company Activision Blizzard. US District Judge Jacqueline Scott Corley said in a ruling that the Federal Trade Commission "has not shown a likelihood it will prevail on its...

FTC Sues to Block Microsoft's $69B Activision Takeover
FTC Sues to Block
Massive Tech Deal
Jun 12, 2023 5:11 PM CDT

FTC Sues to Block Massive Tech Deal

Agency seeks injunction to stop Microsoft's $69B Activision takeover

(Newser) - The Federal Trade Commission has sued to block Microsoft from completing its deal to buy video game company Activision Blizzard, the latest antitrust challenge to the proposed merger but one that could hasten its conclusion. The FTC's Monday filing in a federal court in San Francisco seeks a restraining...

UK Just Nixed the Biggest Tech Deal in History

Microsoft's $69B attempt to buy video game maker Activision scuttled over fears of stifling competition

(Newser) - British regulators have blocked Microsoft's $69 billion deal to buy video game maker Activision Blizzard over worries that it would stifle competition in the cloud gaming market. The UK's Competition and Markets Authority said in its final report Wednesday that "the only effective remedy" to the significant...

FTC Sues to Block Microsoft's Takeover of Activision Blizzard

But Microsoft has good shot of winning a legal challenge

(Newser) - The Federal Trade Commission said Thursday it is suing to block Microsoft’s planned $69 billion takeover of video game company Activision Blizzard, saying it could suppress competitors to its Xbox game consoles and its growing games subscription business. The FTC voted 3-1 to issue the complaint after a closed-door...

Berkshire Invested $51B Last Quarter, Buffett Says


Berkshire
Shareholders
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in Person
the rundown
Apr 30, 2022 4:30 PM CDT

Berkshire Shareholders Receive Update in Person

Buffett discusses new investments, inflation

(Newser) - Thousands of Berkshire Hathaway shareholders returned in person Saturday for their annual meeting heard Warren Buffett update them about investments and rail about the widespread harm inflation is doing. The pandemic had prevented the gathering in Omaha for the past two years. After earlier saying that inflation "swindles" equity...

Microsoft Goes Shopping, Will Be No. 3 Gaming Company

At least by revenue; firm is buying Activision Blizzard

(Newser) - Microsoft is buying the gaming company Activision Blizzard for $68.7 billion, gaining access to blockbuster games like Call of Duty and Candy Crush. The all-cash deal will let Microsoft, maker of the Xbox gaming system, accelerate mobile gaming and provide building blocks for the metaverse, or a virtual environment,...

Activision Blizzard Employees Walk Out After Damning Report

CEO Bobby Kotick allegedly knew about sexual misconduct allegations for years

(Newser) - Activision Blizzard employees staged a walk-out Tuesday after a damning report about the videogame company's CEO came out. Robert "Bobby" Kotick knew about allegations of sexual misconduct at the company for years and tried to keep things hush-hush, sources tell the Wall Street Journal . Since the lawsuit filed...

Video Game Developer Faces Mutiny Over Lawsuit Response

2K sign letter demanding Activision Blizzard seriously evaluate harassment claims

(Newser) - More than 2,000 current and former Activision Blizzard employees have signed a letter to management saying its response to a lawsuit alleging widespread sexual harassment and discrimination is "abhorrent and insulting." A week-old complaint filed by the California Department of Fair Employment and Housing following a two-year...

State Sues Video Game Giant Over 'Frat Boy' Culture

Women faced relentless sexual harassment at Activision Blizzard, suit states

(Newser) - According to a lawsuit from labor regulators in California, video game giant Activision Blizzard is a great place to work—for sexist men. The lawsuit accuses the Call of Duty and World of Warcraft maker of fostering "a pervasive 'frat boy' workplace culture that continues to thrive,"...

CEO's COVID-19 Move: Give His Number to 10K Workers

Activision Blizzard CEO Bobby Kotick said he's heard from a few hundred of them

(Newser) - The CEO of the company behind video game mega-hits like Call of Duty and World of Warcraft has a 10,000-strong staff reporting to him. And now they all have his personal phone number. Activision Blizzard CEO Bobby Kotick told CNBC on Tuesday that he provided them with his digits...

Gamer Who Cried 'Revolution!' Has Punishment Reduced

Ng 'blitzchung' Wai Chung was initially suspended for a year

(Newser) - Activision Blizzard is easing up on a pro video game player who voiced support for Hong Kong protesters—but the company didn't exactly apologize, the Washington Post reports. Suspended at first for a year and stripped of prize money, Ng "blitzchung" Wai Chung will get to keep his...

Backlash Over Barring Player Hits Big Game Maker

Activision Blizzard accounts are canceled over action against Hong Kong supporter

(Newser) - Video game maker Activision Blizzard is paying for barring a Hong Kong player who shouted support for the pro-democracy demonstrators last weekend. Gamers are calling for a boycott, the company is taking a beating on social media, and the stock price is down almost 4% this week, CBS News reports....

Candy Crush Maker Bought for $5.9B

Activision says deal will give boost to mobile games

(Newser) - The US video game maker that brought you "Call of Duty/" and "World of Warcraft" says it will buy the maker of "Candy Crush" for $5.9 billion in what the Guardian calls "the biggest takeover of a UK tech company in four years." Activision...

No More World of Warcraft for Iran

Blizzard shuts down game to comply with sanctions

(Newser) - How punishing are US sanctions on Iran? Ask the nation's nerds, many of whom have now been cut off from their drug of choice: World of Warcraft. Last week Iranian players discovered they suddenly couldn't access the popular MMO, the Guardian reports. Blizzard eventually revealed, in a battle....

Call of Duty Game to Test Monthly Subscription

Players will have choice of paying fee for extra content

(Newser) - The maker of the wildly popular Call of Duty video game plans to test just how dedicated its players are. In an industry first, Activision Blizzard will launch a monthly subscription fee this fall for gamers who want extra content that does not come with the $60 game, reports the...

Activision Axes Guitar Hero
 Activision Axes Guitar Hero  
Feb 10, 2011 2:59 AM CST

Activision Axes Guitar Hero

Gig is over for former hit game

(Newser) - Activision's former smash hit has gone from hero to zero. The company says Guitar Hero—which earned it more than $1 billion just 2 years ago—is being discontinued. Members of the Guitar Hero team will be among some 500 Activision employees to be laid off, the Los Angeles Times...

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