Meta, Activision and Daniel Defense

Publisher of Call of Duty, Maker of AR-15 Style Rifle and Meta Named in Wrongful Death Lawsuits by Families of Uvalde Victims

Families of Uvalde Victims File Wrongful Death Lawsuits Against Call of Duty Publisher, AR-15 Maker, and MetaThree major companies are facing wrongful death lawsuits linked to the 2022 Uvalde school shooting, with complaints filed in California and Texas. The lawsuits, brought by families of the victims, claim that Meta, Activision, and Daniel Defense played roles…

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Activision Blizzard Probes Cyberattack Linked to Cheating Software

Gaming giant Activision Blizzard is currently investigating a cyberattack targeting players of its popular titles, with hackers exploiting cheat software to pilfer login credentials and sensitive information from unsuspecting users. According to reports, the hacking campaign involves the installation of malware on victims’ computers, enabling cybercriminals to steal passwords for gaming accounts, cryptocurrency wallets, and…

Bobby Kotick
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Former Activision Blizzard CEO Bobby Kotick Eyes TikTok Acquisition Amid Regulatory Pressure

Amid regulatory pressures and the looming threat of a potential ban or forced sale of TikTok in the United States, Bobby Kotick, the former CEO of Activision Blizzard, reportedly expressed interest in acquiring the popular social media platform. According to sources cited by The Wall Street Journal, Kotick broached the idea of partnering on a…

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Activision Blizzard Twitter Account Hacked in Solana Crypto Scam

Gaming giant Activision Blizzard faced a security breach Thursday night when its official Twitter account was compromised and used to promote a Solana-based cryptocurrency scam. The hack targeted the Twitter account, which boasts millions of followers and represents the publisher of popular franchises like Call of Duty and Diablo. Exploiting the account’s reach, the hackers…

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Microsoft’s Gaming Division Initiates Layoffs, Cutting 1,900 Jobs Post-Merger

In the aftermath of Microsoft’s monumental $69 billion merger deal with Activision-Blizzard, the tech giant’s gaming division is set to lay off nearly 2,000 employees, according to a memo from Xbox chief Phil Spencer. The memo, verified by Microsoft, outlines the company’s intention to reduce its workforce by 1,900 out of the current 22,000 staff…

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Activision Apocalypse: Sony Forecasts $1.5 Billion Loss by 2027 After Microsoft Merger

In the aftermath of Microsoft’s acquisition of Activision Blizzard King, Sony foresees a challenging future, projecting a significant financial setback of $1.5 billion by 2027. The tech giant perceives Microsoft’s strategic move as a potential game-changer that could propel it ahead of Sony in the fiercely competitive console market. Sony had vehemently opposed the merger…

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Activision Blizzard Settles Gender Discrimination Lawsuit with California for $54 Million

In a landmark resolution, video game giant Activision Blizzard and the California Civil Rights Department (CRD) have reached a settlement in a gender discrimination lawsuit, amounting to approximately $54 million. This settlement ranks as the second-largest negotiated by the CRD, underscoring the gravity of the allegations. The lawsuit, filed two years ago, accused Activision Blizzard…

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Microsoft’s Activision Blizzard Acquisition Nears Approval in the UK After Proposed Amendments

Microsoft’s multibillion-dollar acquisition of Activision Blizzard has moved a step closer to approval in the UK as regulators signal that an amended version of the deal could resolve their concerns. The UK Competition and Markets Authority (CMA) issued a statement stating that Microsoft’s proposed changes, which involve the sale of Activision’s cloud gaming rights to…

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Microsoft Presents Fresh Proposal to UK Regulators for Activision Blizzard Acquisition

Microsoft has taken a significant step to address regulatory concerns in the UK as it strives to finalize its massive acquisition of Activision Blizzard. The companies have jointly presented a fresh proposal to the UK’s antitrust watchdog, the Competition and Markets Authority (CMA), which stands as the sole global regulator hindering the $69 billion deal….

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Microsoft and Activision Extend Their Deal Deadline

Microsoft and Activision have jointly announced an extension of their merger deadline by three months, signaling their commitment to completing the $69 billion acquisition despite ongoing negotiations with the UK government. The new deadline for finalizing the deal is set for October 18, with the previous deadline being July 18. Brad Smith, Microsoft’s vice chair…

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Call of Duty to Remain on PlayStation Following Activision Blizzard Microsoft Merger

In a significant development for the gaming industry, Microsoft has announced that it has signed an agreement with Sony to ensure that the popular game franchise “Call of Duty” remains available on PlayStation even after Microsoft’s merger with Activision Blizzard. The agreement aims to address concerns raised by Sony regarding competition following the $69 billion…

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Federal Appeals Court Rules Microsoft Can Close its Activision Merger

Federal Appeals Court Clears the Way for Microsoft’s Acquisition of Activision BlizzardIn a significant setback for the Federal Trade Commission (FTC), a federal appeals court has decided not to block Microsoft (MSFT) from finalizing its $69 billion acquisition of Activision Blizzard. This ruling marks the second major defeat for the FTC this week in a…

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US Judge Temporarily Blocks Microsoft Acquisition of Activision

A US judge has granted the Federal Trade Commission’s (FTC) request to temporarily block Microsoft Corp’s acquisition of Activision Blizzard, a video game maker. The judge, Edward Davila, scheduled a two-day evidentiary hearing on the FTC’s request for a preliminary injunction to take place on June 22-23 in San Francisco. Without the court order, Microsoft…

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US FTC Asks Court to Block Microsoft From Closing Activision Deal

The Federal Trade Commission (FTC) has taken action to halt Microsoft’s proposed acquisition of Activision Blizzard, seeking a court order to block the $69 billion deal. The FTC filed a lawsuit against the companies in San Francisco and requested a temporary restraining order. The regulatory body expressed concerns that if the deal were to proceed…

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2K Seems To Be Totally In Favour Of Xbox Acquiring Activision Blizzard

Last week, Take-Two Interactive, the parent company of 2K Games, released its latest financial report, sparking interesting discussions about Xbox and Microsoft’s acquisition of Activision Blizzard. During a Q&A session, 2K CEO Strauss Zelnick shared some insights. In an interview with IGN, Zelnick expressed his support for the merger, suggesting that Microsoft’s investment would benefit…

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EU Approves Microsoft’s Deal to Buy Activision Blizzard

European regulators have given their approval for Microsoft’s $69 billion acquisition of Activision Blizzard, a significant win for the technology giant. While concerns about potential competition issues were raised, Microsoft’s concessions were deemed sufficient to address antitrust concerns, according to a statement from the European Commission. The commitments made by Microsoft include allowing European consumers…

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The Biggest Deal in Gaming Hangs in the Balance

After a surprise decision by the UK’s Competition and Markets Authority (CMA) last week, the biggest acquisition in gaming history hangs in the balance. Microsoft’s $68.7 billion deal to acquire Activision Blizzard has been blocked by UK regulators, and EU regulators are due to make a decision in the coming weeks. In Status Update (above),…

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The Activision Blizzard Acquisition Will be Good for Gamers and Sony

Whilst Microsoft and Sony going back and forth with various self-serving claims has been cause for some amusement, thankfully the end is in sight. The job of regulators is to protect consumers, not the market leader or a trillion dollar company masquerading as a plucky underdog. Even if the deal is blocked, you have to…

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FTC Sues to Block Microsoft’s $69 Billion Acquisition of Activision Blizzard

The Federal Trade Commission has sued to block Microsoft’s $69 billion acquisition of Activision Blizzard, challenging one of the largest tech acquisitions in history. The administrative complaint filed by the FTC alleges that the blockbuster deal, which would make Microsoft the third-largest video game publisher in the world, would give Microsoft “both the means and…