Tag Archives: Activision

Microsoft (MSFT) reported its fiscal Q2 earnings after the closing bell on Tuesday, beating analysts’ expectations with its cloud services revenue jumping 46%.  The announcement comes just a week after the Redmond, Washington-based tech giant made headlines with news that it will acquire troubled gaming behemoth Activision Blizzard (ATVI) for $68.7 billion. Here are the most important numbers from the report, compared with what analysts were expecting. Revenue: $51.7 billion versus $50.9… Source link

Every Friday, The Verge publishes our flagship podcast, The Vergecast, where we discuss the week in tech news with the reporters and editors covering the biggest stories. The biggest news in tech this week was Microsoft acquiring game publisher Activision Blizzard for $68.7 billion. On today’s Vergecast, Verge editor-in-chief Nilay Patel talks with games reporter Ash Parrish and senior reporter Alex Heath about the acquisition, the issues behind the culture at Activision Blizzard, and… Source link

Microsoft (MSFT) shook the tech and gaming industries on Tuesday when it announced its planned purchase of Activision Blizzard (ATVI) for $68.7 billion. The deal, slated to close in 2023, would instantly turn Microsoft into the owner of one of the biggest franchises in the world, “Call of Duty,” and make it a key mobile gaming player. But according to Jefferies analyst Brent Thill, the deal is also a huge win for Activision Blizzard and its employees, who have had to contend with an… Source link

In the new war for gaming assets that has descended on the tech industry in part due to splashy deals by Microsoft and Take-Two Interactive this year, the ball is now squarely in the court of Meta (aka Facebook) to make a move to support its metaverse ambitions.  “Facebook I think has a strong on-ramp with the Oculus with the metaverse. The challenge — and this is due diligence from my kids — they need for games and more content. I wouldn’t be surprised if Facebook went on to do some… Source link

Activision Blizzard (ATVI) shares closed 25% higher on Tuesday after Microsoft (MSFT) announced it will acquire the video game publisher for $95 per share. The deal, valued at $68.7 billion is Microsoft’s largest takeover ever.  When the transaction closes, Microsoft will become the world’s third-largest gaming company by revenue, behind Tencent (TCEHY) and Sony (SONY), according to the tech giant. The deal illustrates another consolidation move within the gaming industry — and massive bet… Source link

This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe Wednesday, November 24, 2021 The gaming giant can’t reinvent itself if he’s still in charge Activision Blizzard (ATVI) CEO Bobby Kotick needs to step down. The CEO of one of the country’s largest video game companies, Kotick has reportedly told executives at Activision Blizzard that he’ll… Source link

This weekend’s Barron’s cover story takes a close look at what it will take to fix Boeing. Other featured articles discuss reliable growth stocks, whether inflation is different this time and who has the early lead in the metaverse. Also, see the prospects for a COVID-19 vaccine maker, a real estate investment trust, a video game leader, a fast-food chain and more. “Boeing’s Fix-It Job: How the Company Can Win the Future” by Al Root explores why shares in Boeing Co (NYSE: BA), the world’s… Source link

Former female employees of Activision Blizzard (ATVI) are coming forward to share their experiences at the company after a California state agency filed a civil rights lawsuit against the gaming giant alleging widespread sexual harassment and gender and racial discrimination. The suit, which seeks compensatory and punitive damages, as well as unpaid wages, has kicked off a firestorm against the “Call of Duty” and “World of Warcraft” maker, with users across social media platforms… Source link

TipRanks 2 “Strong Buy” Penny Stocks With Over 200% Upside on the Horizon Let’s talk about risk and the big picture. It’s an appropriate time, as the big risk – presented by the COVID-19 pandemic – is finally receding thanks to the ongoing vaccination program. COVID is leaving behind an economy that was forced into shutdown one year ago while in the midst of a great expansion, boosted by the deregulation policies. While the new Biden Administration is busy reversing many Trump… Source link