Kotick, Bobby
New York City pension funds sue Activision over financial records.
Five New York City employee pension groups that own stock in Activision Blizzard, the embattled video game maker, are suing Activision, saying that the company failed to turn over financial records as the groups try to investigate whether Activision secured a fair price in its planned sale to Microsoft. The lawsuit, filed in Delaware state […]
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Activision Says It Will Cooperate With Insider Trading Investigations
Activision Blizzard, the video game maker set to be sold to Microsoft for nearly $70 billion, said in a legal filing on Friday that it would cooperate with an investigation into whether some of the company’s investors engaged in insider trading before the deal’s announcement. The company said it had received a request for information […]
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Why Microsoft Wants Activision
Even as it looks to distance itself from Sony, Microsoft’s acquisition could also strengthen its position relative to other tech giants with deep pockets — like Amazon, Tencent and Google — that have signaled their intentions to invest more in the lucrative gaming business. Joost van Dreunen, a gaming investor, adviser and New York University […]
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Microsoft to Buy Activision Blizzard for Nearly $70 Billion
SEATTLE — Microsoft plans to buy the powerhouse but troubled video game company Activision Blizzard for nearly $70 billion, its biggest deal ever and one that places a major bet that people will be spending more and more time in the digital world. The blockbuster acquisition, announced on Tuesday, would catapult the company into a […]
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Gamers Greet Microsoft’s Activision Deal With Guarded Optimism
Activision’s track record with some of its games also became spottier. In November, it delayed new versions of Diablo and Overwatch. That same month, the newly released Call of Duty: Vanguard was widely panned as being boring and full of glitches. Parris Lilly, a video game streamer and co-host at Gamertag Radio, said Microsoft’s deal […]
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