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The Latest Breaking News from Activision Blizzard

Web3 Leads Metaverse Companies Like Facebook Into Brave New Virtual Worlds

Web3, which runs on blockchain, cryptocurrencies and non-fungible tokens, is getting major support as the third generation of the internet.

Investors Business Daily

Activision Blizzard stockholders approve Microsoft buyout

Wall Street reportedly bets the deal will fail, though.

USA Today Sports Media Group

Activision Blizzard Shareholders Approve $68.7 Bln Microsoft Deal

Videogame publisher Activision Blizzard Inc said on Thursday that its shareholders approved Microsoft Corp's $68.7 billion proposal to buy the "Call of Duty" maker. More than 98% of the shares voted at a special meeting held earlier in the day were in favor of the proposed transaction, the Santa Monica,…

Asharq Al-Awsat

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'Overwatch 2’ beta: One shocking trend proves there's still hope for the sequel

After months of Activision Blizzard lawsuits, 'Overwatch 2's beta is finally out. A surprising number of fans are revisiting the game, but will it last?

Inverse

Analysts Share Their View On Activision Blizzard Post Q1 Performance

Analysts offered their views on Activision Blizzard, Inc (NASDAQ:ATVI) post Q1 FY22 results. Raymond James saw ATVI's Q1 results significantly below expectations, driven by continued weakness in Call of Duty and a low ebb of content in Blizzard. It continued to see sizable headwinds for Call of Duty through the rest of the year until the anticipated release…

Benzinga

Call of Duty: Warzone sequel will get shown off this year

Activision confirms that the next iteration of its battle royale is getting a reveal in 2022.

USA Today Sports Media Group

Rosenblatt Held Conviction On Microsoft Ahead Of Q3

Rosenblatt analyst Blair Abernethy reiterated a Buy rating on Microsoft Corp (NASDAQ:MSFT) with a price target of $349. The price target implied an upside of 27.7%. Microsoft looks to report its Q3 FY22 results on March 26 after market close. Also Read: Activision Blizzard Registers 22% Revenue Decline In Q1, Ditches Outlook Due To Microsoft Deal…

Benzinga

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Activision Blizzard Registers 22% Revenue Decline In Q1, Ditches Outlook Due To Microsoft Deal

Activision Blizzard Inc (NASDAQ:ATVI) reported a first-quarter FY22 net revenue decline of 22.3% year-on-year to $1.77 billion missing the consensus of $1.80 billion. Q1 Net bookings were $1.48 billion. Product sales declined 42.8% Y/Y to $386 million. In-game, subscription and other revenues decreased 13.6% Y/Y to $1.38 billion. Non-GAAP EPS of $0.64 missed…

Benzinga

The rich haven’t just gotten richer – they’ve also gotten a lot more selfish

US billionaires now own a combined $4.7tn, according to a new analysis – but to Elon Musk, since he doesn’t have a yacht or own a home, that’s totally OK

The Guardian - US

Meta's Sheryl Sandberg allegedly leant on news site to drop stories about ex-boyfriend

The Daily Mail dropped two stories detailing Activision’s Bobby Kotich’s abuse of an ex after threats by Meta executive, WSJ reports

The Guardian - US

$1000 Invested In Activision Blizzard 20 Years Ago Would Be Worth This Much

Activision Blizzard (NASDAQ:ATVI) has outperformed the market over the past 20 years by 8.84% on an annualized basis producing an average annual return of 16.17%. Currently, Activision Blizzard has a market capitalization of $61.47 billion.

Benzinga

Activision Blizzard adding two senior women executives to its board

The board has been criticized for sticking by CEO Bobby Kotick amid allegations of the company's toxic culture.

Axios

Merger Arbitrage Mondays – Thoma Bravo Adds SailPoint Technologies To Its Portfolio And Approaches Twitter

Merger activity increased last week with five new deals announced and one of the five new deals announced was a potential deal in the works. SailPoint Technologies (NYSE: SAIL)

Benzinga

State lawyer alleges Newsom interfered in Activision lawsuit

A California state lawyer has resigned over what she alleges were undue attempts by Gov. Gavin Newsom and his office to interfere in a state lawsuit against video game giant Activision Blizzard

The Independent UK

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The Independent UK

California state lawyer suing Activision Blizzard is fired

A top California state civil rights lawyer who was pursuing a discrimination case against video game giant Activision Blizzard has been fired, and another has quit in protest

USA Today Sports Media Group

California governor has been allegedly meddling in Activision Blizzard lawsuit

Gavin Newsom was accused of firing a DFEH lawyer.

Input

California lawyer quits, claiming Gov. Newsom meddled in Activision suit

A top attorney at the California state agency that sued Activision has resigned, claiming that Gov. Gavin Newsom interfered with the case, a Bloomberg report claims.

Benzinga

Why Bilibili and NetEase Shares Are Trading Higher Today

XD Inc has won a publishing license for its title "Party Star" in one of China's first approvals of a game since July last year, Reuters reports. The National Press and Publication Administration soon looked to publish a list of games it has granted licenses. Also Read: NetEase Stock Plummets As China Limits…

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Benzinga

Activision Blizzard Looks To Convert Temporary Staff To Full Time Roles

Activision Blizzard Inc (NASDAQ:ATVI) looks to convert 1,100 U.S.-based temporary and contingent quality assurance workers of some divisions to full-time employees, starting July 1, Reuters reports. Microsoft Corp's (NASDAQ:MSFT) acquisition target looks to raise the minimum hourly wages for the employees from the Activision Publishing and Blizzard divisions to $20 or more and offer them…

Input

Activision Blizzard grants (most) quality assurance testers full-time status

A huge win for the company's QA workers — but not enough to stop employees from organizing.

Input

Activision Blizzard staff strike after studio drops vaccine requirement

A number of Activision Blizzard staff have chosen to strike in protest of the publisher ending a vaccination requirement for in-office workers.

Benzinga

Here's How Much $100 Invested In Activision Blizzard 20 Years Ago Would Be Worth Today

Activision Blizzard (NASDAQ:ATVI) has outperformed the market over the past 20 years by 9.35% on an annualized basis producing an average annual return of 16.59%. Currently, Activision Blizzard has a market capitalization of $62.64 billion.

Benzinga

Merger Arbitrage Mondays - Nielsen Holdings To Be Taken Private By A Consortium Of Private Equity Firms

Merger activity increased significantly last week with six new deals announced and eight deals completed. There were 17 deals announced in the month of March, with a total value of $64.55 billion. Nielsen Holdings (NYSE: NLSN)

The Guardian - UK

Covid pushes UK video games market to record £7bn – but games sales fall

Gamers stocked up on hardware such as consoles and virtual reality gear, offsetting a fall in game sales

Input

Activision Blizzard settles federal sexual harassment suit for $18M

Gaming giant Activision Blizzard has settled the federal suit for $18 million, but still faces many other legal suits from other parties.

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