All publications by tag «Activision Blizzard»
Microsoft: Activision Blizzard planned major layoffs even before the merger
Microsoft Corporation has responded to a complaint from the US Federal Trade Commission (FTC) about layoffs in its gaming division, a significant part of which falls on Activision Blizzard. She said that Activision Blizzard was already preparing to cut staff.
The FTC filed a complaint against Microsoft over layoffs in the gaming division
The US Federal Trade Commission (FTC) has asked the appeals court to look into the situation with mass layoffs at Microsoft. On January 25, the corporation announced its decision to lay off 1,900 people from Xbox, Activision Blizzard and ZeniMax Media.
Perhaps Overwatch 2 earned more than $225 million in the first six months
The sum of $225 million is listed in the LinkedIn profile of Sam Saliba, former vice president of marketing for the Overwatch franchise. His profile also says that at one point Overwatch 2 was actively played by more than 50 million people.
Activision Blizzard was preparing to open a mobile store in 2019. It was part of a plan to put pressure on Google
In 2019, Activision Blizzard was considering launching an app store for mobile devices: it wanted to make it itself or in partnership with Epic Games and Supercell. The company announced its plans to Google in an attempt to bargain for better terms on Google Play and other services.
The British regulator may approve a deal between Microsoft and Activision Blizzard
The UK Competition and Markets Authority (CMA) has previously announced that it no longer considers the deal between Microsoft and Activision Blizzard a threat to competition in the cloud gaming market. He was convinced by the agreement that Microsoft signed with Ubisoft.
Bloomberg: Microsoft tricked the FTC into filing a losing lawsuit over a deal with Activision Blizzard
Microsoft used rumors about its plans to close the deal with Activision Blizzard without the approval of the British regulator to force the US Federal Trade Commission (FTC) to sue it in a hurry. This is reported by Bloomberg.
Ubisoft will get the rights to distribute Activision Blizzard games in cloud services
Microsoft has signed an agreement with Ubisoft allowing it to distribute Activision Blizzard games through the cloud. As the corporation hopes, it will convince the British regulator to approve the deal with Activision Blizzard.
Activision Blizzard has published financial statements for the second fiscal quarter. She’s doing very well
In total, in April-June 2023, the company earned $2.2 billion. Of this amount, $520 million is revenue from games, and the remaining $1.6 billion is from micropayments and subscriptions. The company’s net profit for the quarter totaled $587 million.
Microsoft and Activision Blizzard have agreed to extend the merger agreement until October 18
On July 18, the deal between Microsoft and Activision Blizzard was supposed to be completed. However, the merger was decided to be postponed in light of negotiations with British regulators. Now the papers must be signed no later than October 18.