Post Thumbnail

Activision Blizzard reached a settlement this week over a shareholder's lawsuit in regards to the Call of Duty publisher's October 2013 buyout. As a result, Vivendi and others will pay $275 million to Activision to settle the litigation, which began in August 2013 before Activision's $8.2 billion p...

November 21st 2014 at 1:00pm 0 Comments
Post Thumbnail

When Activision Blizzard bought itself to be freed from Vivendi, there was no shortage of unhappy shareholders, leading to several class action lawsuits filed against the company and other attendant actors in response to the whole process. Those suits have now been resolved and the case is now clos...

November 20th 2014 at 10:00am 0 Comments
Post Thumbnail

An Activision Blizzard quarterly report has revealed that the company behind games like World of Warcraft, Hearthstone, the Call of Duty franchise and Skylanders, has earned $970 million in revenue in its second quarter, $60 million more than its previous projection of $910 million. Activision Bl...

August 5th 2014 at 7:00pm 0 Comments
Post Thumbnail

Anyone who's paid attention to the roller-coaster that is Activision's relationship with its former owner Vivendi, here's a new wrinkle for you. Activision CEO and perennial villain in a million fans' hearts Bobby Kotick was nearly let go by Vivendi in 2013 over his refusing to sign off on any deal...

July 17th 2014 at 3:00pm 0 Comments
Post Thumbnail

Vivendi, Activision's controlling shareholder in 2013, wanted to fire CEO Bobby Kotick, as revealed in emails that are part of a lawsuit filed by Activision investors (via Bloomberg). During negotiations for Activision to buy the majority of its own shares back from Vivendi in 2013, Kotick refused...

July 16th 2014 at 8:00pm 0 Comments
Post Thumbnail

Activision Blizzard CEO Bobby Kotick is quoted recently as saying that the company is "making a $500 million bet" on Destiny, as reported by Reuters. The quote has caught fire for dwarfing the alleged $260 million Take-Two Interactive spent to "develop, produce and market" Grand Theft Auto 5. He...

May 6th 2014 at 10:00am 0 Comments
Post Thumbnail

Is Destiny really going to be the next big thing in gaming? Activision CEO Bobby Kotick certainly thinks so. In the recent fourth quarter earnings call for the company, Kotick went on the record saying that it will be the best-selling new IP in video game history, which is potentially true; any new...

February 7th 2014 at 2:00pm 0 Comments
Post Thumbnail

Everyone is pretty certain that the next World of Warcraft expansion is going to be announced very soon. Tomorrow, probably. So it serves as an interesting counterpoint to note that the game has lost 100,000 subscribers over the past three months, dropping the game's total to 7.6 million subscriber...

November 7th 2013 at 10:30am 0 Comments
Post Thumbnail

Back in July, Activision Blizzard CEO Bobby Kotick led a charge to buy the company back from parent company Vivendi. After a few bumps in the road, the share buyback is complete and Activision Blizzard is now (mostly) free of Vivendi. $5.83 billion of stock is owned by Activision Blizzard, while K...

October 14th 2013 at 11:00am 0 Comments
Post Thumbnail

Activision's buyback of $8.2 billion of its own shares from Vivendi has been completed, the publisher announced today. It was just yesterday that the Delaware Supreme Court overturned a September ruling that halted the purchase, which followed a lawsuit by an Activision Blizzard shareholder in Augu...

October 11th 2013 at 8:30pm 0 Comments