Our latest coverage of activision blizzard. 2a3f64
Activision Blizzard’s upper management will have to tread lightly while they wait for shareholders to vote on the fate of Microsoft acquisition deal. According to The Wall Street Journal, the deal has caught the attention of four U.S. senators who are concerned that the deal could affect the ongoing efforts to clean up the company’s frat boy culture. Senators Elizabeth [...]
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The legal feud between Activision Blizzard, the Equal Employment Opportunity Commission (EEOC), and California’s Department of Fair Employment and Housing (DFEH) over the proposed $18 million settlement has come to an end. U.S. District Judge Dale Fischer has approved the settlement between Activision Blizzard and the EEOC, reports Kotaku. The DFEH has been moving to block since September 2021 because [...]
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Microsoft’s acquisition of Activision Blizzard might just be the lifeboat that saves the company from drowning in controversies and scandals. But, that’s assuming that the deal goes through at all. ABK’s shareholders will still need to vote on the deal before both parties can proceed with the acquisition. According to the Board of Directors, the merger has been unanimously deemed [...]
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Activision Blizzard s other video game companies in ing Ukraine and condemning Russia for their actions. President and COO Daniel Alegre announced that they will be suspending sales and microtransactions in Russia for all their games and are currently raising funds in aid of those affected by the ongoing conflict. “The company is matching employee donations 2:1 to organizations providing [...]
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Activision Blizzard just can’t seem to catch a break. The controversial video game company is now facing two new lawsuits that revolve around its ongoing acquisition deal with Microsoft. The lawsuits were filed by shareholders Kyle Watson and Shiva Stein against both the company and its board of directors According to Polygon, the lawsuits claim that the financial information that [...]
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Microsoft’s plans to acquire Activision Blizzard for $69 billion has done wonders for the Call of Duty publisher’s stock prices. ABK’s stock prices went from an all-time high of $103.81 USD in February 2021 to just $57.36 USD in December 2021 amid the workplace scandal that rocked the company and the poor performance of existing IPs. Stock prices have since [...]
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Microsoft’s ongoing acquisition of Activision Blizzard has PlayStation players concerned that the company might pull their favorite games from the platform. Microsoft, however, maintains that they will continue to Activision Blizzard games on Sony’s family of consoles even after the deal pushes through. “To be clear, Microsoft will continue to make Call of Duty and other popular Activision Blizzard [...]
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Microsoft announced today that they're purchasing Activision Blizzard for about $69B USD (Nice). The acquisition is the biggest ever in Microsoft's long corporate history and shows that the company strongly believes in the gaming market. Both companies have agreed to the transaction, the deal isn't expected to close until 2023 and there's still a chance regulators may not approve the [...]
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Since the California Department of Fair Employment and Housing filed their lawsuit against Activision Blizzard, the company has also been under scrutiny by other federal agencies including the U.S. Securities and Exchange Commission, the National Labor Relations Board, and the U.S. Equal Employment Opportunity Commission. The EEOC and Activision Blizzard, however, have agreed to settle all claims to the tune [...]
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Jessica Gonzales, one of the organizers of A Better ABK, a worker group dedicated to improving culture and unionizing in Activision Blizzard, has announced that she will be leaving the controversial company effective December 10th. According to Gonzales, she will be leaving the gaming sector and have accepted the position of senior quality engineer for a financial company. In her [...]
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