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Microsoft is laying off 1,900 employees at Activision Blizzard and Xbox this week, The Verge reported. While Microsoft is primarily laying off roles at Activision Blizzard, some Xbox and ZeniMax employees will also be impacted by the cuts. The cuts work out to roughly 8 percent of the overall Microsoft Gaming division that stands at around 22,000 employees in total.
The biggest acquisition in video game history appears to be coming to a close. After Microsoft offered to buy Activision Blizzard nearly two years ago - and faced a barrage of government hurdles along the way - the tech company is reportedly readying to close the sale, Gizmodo reported. Sources told The Verge that the 68.7 billion sale finally appears
A federal judge in San Francisco has denied the Federal Trade Commission’s motion for a preliminary injunction to stop Microsoft from completing its acquisition of video game publisher Activision Blizzard, CNBC reported. The deal isn’t completely in the clear, though. The FTC can now bring the decision to the U.S. Court of Appeals for the 9th Circuit, and the two
EU antitrust regulators are set to approve Microsoft Corp’s $69 billion acquisition of Activision next week, with May 15 as the likeliest date, people familiar with the matter said, Reuters reported. The European Commission’s imminent clearance comes nearly three weeks after the UK competition authority blocked the deal, the biggest-ever deal in gaming, over concerns it would hinder competition in
CNBC reported that video game developer Activision Blizzard agreed to pay a $35 million settlement over charges it failed to maintain “adequate” controls for collecting and assessing reports of workplace misconduct and that it violated federal whistleblower protection rules, the Securities and Exchange Commission said Friday. The SEC claimed workplace misconduct complaints were neither collected nor analyzed as expected by
The Federal Trade Commission on Thursday sued to block Microsoft’s $69 billion acquisition of the video game publisher Activision Blizzard, charging that the massive deal would allow the Washington tech giant to suppress its competitors in gaming, The Washington Post reported. According to The Washington Post, the lawsuit represents the FTC’s most significant effort to rein in consolidation in the
Fortune reported that Activision Blizzard is removing an anti-cheat precaution from its newest games after players complained it discriminated against poor people. According to Fortune, just over a week before the launch of Overwatch 2, Activision’s newest shooter, the developer announced that players would need to have a valid phone number to play the game. The system, called SMS Protect,