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TikTok Bidding War? Mnuchin, Kotick Emerge As Potential Buyers
Thursday, March 14, 2024 - 2:33pm | 924The stage could be becoming set for a bidding war for TikTok if legislation is passed in the U.S. requiring the social media platform’s Chinese owner, ByteDance, to sell the company. The House of Representatives on Wednesday voted in favor of a bill that would force ByteDance to either sell...
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Activision CEO's Exit, Xbox's New Era: The Gaming World Reacts To Microsoft's $69B Deal
Friday, October 13, 2023 - 2:16pm | 1599As Microsoft Corp.'s (NASDAQ: MSFT) monumental acquisition of Activision Blizzard Inc (NASDAQ: ATVI) sends shockwaves throughout the gaming industry, its community, industry experts and stakeholders have voiced myriad reactions. The $69 billion buyout, which includes popular...
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End Of An Era: Activision Blizzard CEO Bobby Kotick Confirms Exit After Microsoft Deal
Friday, October 13, 2023 - 12:10pm | 434Following Microsoft Corporation's (NASDAQ: MSFT) acquisition of Activision Blizzard Inc (NASDAQ: ATVI), Activision's controversial CEO Bobby Kotick plans to resign, bringing an end to his 30-year tenure at the helm. In an email to all Activision Blizzard employees, Kotick announced he will...
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Activision Raises Alarm As FTC Considers Pausing Microsoft Takeover: 'We Don't See How This Will Continue'
Wednesday, June 28, 2023 - 3:52pm | 472Bobby Kotick, Activision Blizzard Inc's (NASDAQ: ATVI) CEO, said that the company would probably walk away from the $68.7 billion takeover bid by Microsoft Corp. (NASDAQ: MSFT) if the U.S. Federal Trade Commission (FTC) succeeds in obtaining a ruling that would pause the deal. According to...
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Bobby Kotick, Activision Blizzard's CEO: 'We Did Not Have A Systemic Issue With Harassment — Ever'
Thursday, June 1, 2023 - 6:53pm | 693Activision Blizzard Inc (NASDAQ: ATVI) CEO Bobby Kotick has taken to the media to vehemently deny any systemic issue of harassment within the company, ahead of the two-year anniversary of the lawsuit that accused the publisher of sexual harassment and discrimination against women. "We’ve...
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Activision CEO Predicts AI Revolution In Gaming, Dreams About AI-Powered 'Guitar Hero' Reboot
Friday, May 12, 2023 - 3:41pm | 563The CEO of Activision Blizzard Inc. (NASDAQ: ATVI), Bobby Kotick, recently spoke to his staff about his vision for incorporating artificial intelligence (AI) into future video game development. During a company-wide meeting, Kotick expressed his belief that AI will be as transformative for society...
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EXCLUSIVE: Activision Blizzard's 'Focused Strategy Is Working,' Mobile Was Largest Segment In Q1 — And 'There's More On The Way'
Thursday, April 27, 2023 - 3:37pm | 1070Video game giant Activision Blizzard Inc (NASDAQ: ATVI) made lots of headlines Wednesday with shares falling in response to an announcement that its pending acquisition by Microsoft Corporation (NASDAQ: MSFT) was being blocked by regulators in the United Kingdom. As shares sold off Wednesday,...
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Activision Blizzard Acquisition Blocked By UK Regulator, Microsoft Says It Will Appeal: Gaming Experts Weigh In
Wednesday, April 26, 2023 - 2:55pm | 1522The U.K.'s Competition and Markets Authority (CMA) announced it is blocking Microsoft Corp.'s (NASDAQ: MSFT) $68.7 billion proposed acquisition of Activision Blizzard Inc. (NASDAQ: ATVI). The British regulatory body cited concerns the deal would have a negative impact on the...
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Why Activision Blizzard Stock Is Heating Up Today
Tuesday, February 7, 2023 - 10:14am | 384Activision Blizzard Inc (NASDAQ: ATVI) shares are trading higher Tuesday after the company reported better-than-expected financial results. What Happened: Activision reported fourth-quarter revenue of $3.57 billion, which beat average analyst estimates of $3.16 billion, according to ...
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Activision Blizzard Q4 Earnings Highlights: Net Bookings Record, Call Of Duty Performance, Microsoft Deal Update And More
Monday, February 6, 2023 - 5:39pm | 789Video game giant Activision Blizzard (NASDAQ: ATVI) reported fourth-quarter and full fiscal year financial results after the market close Monday. Here are the key highlights. What Happened: Activision Blizzard reported fourth-quarter GAAP net revenue of $2.33 billion, down from $2.16 billion year-...
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Microsoft's $69B Activision Deal Voted Down By FTC — But Video Game Firm's CEO Confident 'Deal Will Close'
Thursday, December 8, 2022 - 9:42pm | 475The U.S. Federal Trade Commission says it is seeking to block Microsoft Corporation’s (NASDAQ: MSFT) $69 billion acquisition of Activision Blizzard, Inc (NASDAQ: ATVI). What Happened: FTC alleged that the deal — which is Microsoft’s largest ever and the largest in the video...
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Activision Blizzard Q3 Earnings: Revenue And EPS Beat, Call Of Duty Sales Record, Microsoft Acquisition Update And More
Monday, November 7, 2022 - 5:42pm | 626Video game company Activision Blizzard (NASDAQ: ATVI) reported third-quarter results after the market close Monday. Here are the key highlights and an update on a pending acquisition of the company by Microsoft Corporation (NASDAQ: MSFT). What Happened: Activision Blizzard reported third-quarter...
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Activision Blizzard Q2 Earnings: Here's A Rundown Of The Results
Monday, August 1, 2022 - 4:31pm | 446Activision Blizzard Inc (NASDAQ: ATVI) announced its second-quarter financial results Monday after the bell. Here's a look at how the video game company fared during the quarter. What Happened: Activision reported second-quarter revenue of $1.644 billion, which was down from $2.3...
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Microsoft To Acquire Activision In $68.7B Deal: What Investors Need To Know
Tuesday, January 18, 2022 - 10:02am | 431Microsoft Corp (NASDAQ: MSFT) on Tuesday announced that it plans to acquire game developer and interactive entertainment content publisher Activision Blizzard Inc (NASDAQ: ATVI) for $95 per share in an all-cash transaction valued at $68.7 billion. The deal is set to...
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8 Top Video Game Stories Of 2021 And How Developer Stocks Performed This Year
Wednesday, December 29, 2021 - 4:16pm | 1246One of the major storylines of 2020 and the COVID-19 pandemic was the boost of stay-at-home stocks that included video games. Up against tough comparable sales, video game stocks saw a strong 2021. Here are some of the top video game storylines and stock stories of the year. Amazon Gaming Gets A...