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…
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…
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…
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…
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…
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…
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…
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….
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…
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…
