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410°

Activision’s $69 Billion Sale to Microsoft Draws Challenge

A Swedish state-run pension fund sued Activision Blizzard Inc. and Microsoft Corp., claiming their planned $69 billion merger was rigged to exploit the beleaguered gaming giant’s sexual harassment crisis and protect its CEO.

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https://news.bloomberglaw.com/esg/activisions-69-billion-sale-to-microsoft-draws-court-challenge Also change to the original title "Activision’s $69 Billion Sale to Microsoft Draws Challenge"
Abriael516d ago WhoDisagree(0)Agree(1)
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Thundercat77515d ago
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Thundercat77515d ago
Thundercat77516d ago

"Microsoft deliberately used the harassment scandal and its commercial advantage over Activision to offer Kotick a way to save his own skin. The corporation colluded with Kotick and the board to help them avoid the personal and professional consequences of this scandal."

This is getting very very ugly for Phil and Kotick. This "deal" has many wrong things and now we are talking about "criminal implications"

I wouldn't be surprised if Microsoft drops the deal amidst all these scandals and corruption. It could even cost Phil his career.

Sonyslave3516d ago (Edited 516d ago )

Lol this sheet ain’t stopping nothing lol Microsoft trying to save Bobby’s skin 😭😭 man get out of here. Microsoft already hire a third party to investigate and handle any scandals from them and soon Activison Blizzard.

People already tried this so many times in USA and failed

SullysCigar516d ago

Something fishy - and potentially 'fraudy' - about all this. I expect Phil's Sphincter's a little twitchy about now.

Hofstaderman515d ago

Phil says “It wasn’t me”

MrVux000515d ago

I wonder what will happen in next episode of "Phil Spencer Says" ... the plot of this show is so good it almost puts ''Jim Lying'' show to shame.

just_looken515d ago

A busniess buyout is not all on board and compaines can be corrupt? i am so shock i tell you /s

All this Microsoft activision talk yet ea own's the majority of racing/sports game ip's.

babadivad515d ago

I honestly wonder how many people here would be against this deal if Sony were attempting to purchase Activision.

just_looken515d ago

@neutral

In your list you forgot Embracer has been like pacman last few years that list was 3x larger but Embracer purchsed koch media then slowly ate there way across asia/europe/austrailia and is on north America right now.

They can buy any one of those studios also either the full company or a chunk at a time.

neutralgamer1992515d ago (Edited 515d ago )

Sonyslave3

Your opinion is well known. You want this deal to go through but fact of the matter is now this deal has a very high probability of not going through

Thundercat77

It's common sense because Activision were getting so much bad PR and suddenly this olive branch was offered. What's totally absurd is Phil said he is against less gamers getting to play yet since they Ms have acquired so many studios and Bethesda and now are trying to act like a 2 trillion dollar little engine that could against the big bad PlayStation

I am a Xbox fan and hate this deal if it goes through. This won't help me but if this deal goes through Sony will retaliate by acquiring some of their Japanese publishers so as a gamer I want more options not less

Square enix
Ubi
Take two
EA
Embracer
Sega
Namo
Capcom
CD project red

Should all be off limit and should remain 3rd party

And please stop comparing timed exclusive content to permanently exclusive games

neutralgamer1992515d ago

just_looken

Let me be very clear I have no horse in this race but I am against all console makers staying away from acquiring publishers

Difference is they buy and keep games on all platforms. Also if you look at the last few years they have remade some really awesome PS2 era games and they support a healthy AA market. Back during zps2, GameCube and Xbox we had very healthy mid size publishers but now it seems either it's a AAA game or indies

What use to be cheat codes or unlockables via playing is being sold to us as micro transactions, we had publishers like midway and midway willing to take chances on smaller but very good projects like Darksiders and red faction etc

Back than games had to be something special to get 10/10 and now if a big game doesn't get 10/10 fans harass the reviewer

Times have changed

dcbronco515d ago

The Swedish government was willing to chase Julian Assange across the planet for nothing but can't arrest a Microsoft employee? Nonsense.

Fake news.

Godmars290515d ago

At the same time, didn't Phil literally admit that Activision's scandal's were his excuse for buying it? That he saw blood in the water.

Andrew336514d ago

In what universe would Spencer say this? Delusionalville where half you people commenting on here must be from to think Phil or anyone is gonna lose their job over this acquisition attempt?

+ Show (5) more repliesLast reply 514d ago
XiNatsuDragnel516d ago

Man this deal could potentially be canned so at this rate.

DarkZane515d ago

At this point, it's very likely to be canned.

343_Guilty_Spark515d ago

It will go through. It already has in a few countries.

isarai516d ago (Edited 516d ago )

What's more concerning is Phil willing to shelter Bobby from any consequences of sexual harassment. Likely using it as leverage in the deal. These people are f#@ked in the head if that's the case, which seems like it is, based on the fact that Bobby is still there.

Sonyslave3516d ago

🤔 Ms don’t owned ABK yet so they can’t fire or change anything of the company

isarai516d ago

You would think either Activision would've gotten rid of him, or Phil would have him gone as a prerequisite for the deal. Either way the only logical reason he's still there is that this deal somehow has that outcome in the balance, when it really shouldn't.

Thundercat77516d ago

Very concerning. That's why I believe this deal can cost Phis his career at Xbox. By the way things are getting hotter and escalating every week, is seems obvious there are major concerns here that needs to be investigated.

thesoftware730515d ago (Edited 515d ago )

Phil Spencer will not lose his job over a attempted merger not going through. He is leading MS out of a dump that they have been in with the Xbox one...no way they fire him.

As a matter of fact he is set to receive an award next month.

badz149515d ago

@thesoftware730

"He is leading MS out of a dump that they have been in with the Xbox one"

err...you do know that was still Phil's doing, right? Don Mattrick left I think even before the xbone's launch.

sinspirit515d ago (Edited 515d ago )

@thesoftware730

He lead them into the "dump" with the XBox One. He was in charge of the european studios, Rare and Lionhead for example, and made one shut down and the other all the og members left the same time that he eventually got promoted to being in charge of all their gaming studios and pushed everyone to focus on Kinect, especially his European studios he was already in charge of. The last half of 360s lifespan when no games were coming, it was his fault. Ever since then, everyone keeps wishing for the same level of gaming, innovation, and effort since XBox original and 360 days. That award nomination seems satirical at this point.

thesoftware730515d ago

Yes, yes that was then, look at the shift...why would they get rid of him now when he is in fact leading Xbox in an upward direction?

No matter the talk about major exclusives and all the other jazz, the Series systems is once again serious competition, and selling very well, and obviously cannot be ignored, if you agree with their actions or strategy, makes no difference opposed to the facts.

SullysCigar515d ago

^ How exactly is Phil "leading them out of this"?

He created the problem. He's not fixing it.

The parent company is throwing money at the problem. Money he couldn't possibly have generated through xbox, thanks to his past failings.

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porkChop515d ago

Activision's top investors and board would be the only ones that could motion to remove Bobby Kotick before the sale goes through. They weren't trying to do that before they knew about the sale, aside from one investor. So they clearly don't have any interest in doing that. Microsoft themselves cannot legally enact any changes to ABK until they actually own them. That includes firing Bobby Kotick. The closest thing they could do is include a stipulation that he resigns or is fired as soon as the sale goes through. So we'll have to see when/if the sale goes through.

Hofstaderman515d ago

With a payout like that should the sale go through I would gladly be fired or resign while flipping everyone off. There’s no denying Microsoft used this situation to leverage the proposed acquisition. No wonder everyone was releasing statements left right and centre, this looks bad for Microsoft’s corporate image.

thesoftware730515d ago

Haha, how is Phil or MS sheltering Bobby? They don't own Activision/Blizzard..they have not one say in any of their leadership roles lol.

Man, do you people think about what you type before typing or is it just agenda based comments.

SierraGuy515d ago

FTC was going to force the breakup of Activision blizzard regardless because of their scummy practices...that's why Activision blizzard is trying to rush the deal and Microsoft is going along with it.

Scummy scummy Microsoft. They support abusers and sexual harassment and are using it in their favor.

Profchaos515d ago

That's why all the buzzwords relating to equal workplaces and sexual harassment these companies spew are nothing more than pr speak they don't walk the walk at the exec level. There doesn't seem to be a single company that actually stands up to the ideals they lay out to the general public yet they continue to pretend they care.

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badboyz09515d ago (Edited 515d ago )

Can we stop talking about this!😐😐

porkChop515d ago

Good luck with that lmao. It's easy pickings for news stories. Doesn't matter what is said or who says it, if it can even remotely be tied to the merger journos will run wild with it. It's like reporting on Trump, Biden, or Trudeau, anything and everything will be turned into news.

gold_drake515d ago

oh dear this is getting very ugly.

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100°

Outriders Dev's Next Game Has Been Canceled After Publishing Agreement With Take-Two Fell Through

Outriders developer People Can Fly's next game has been canceled after its publishing agreement with Take-Two Interactive fell through.

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Community11h ago
Tacoboto1d 4h ago

"the capital group of PCF Group S.A."

If you're getting funding from a group that needs two different ways of Acronyming itself, things will not go the way you want them to.

banger8823h ago

If it was more online-only crap then good riddance.

jjb19819h ago

Outriders was crap. They slapped that game together and threw in a loot system to get players' attention. This game was absolutely jank and the always online nonsense made it stutter like crazy. People Can't Optimize.

thorstein8h ago

I liked Outriders but I could see where the artistic vision was compromised. The way the industry is now, it wouldn't surprise me that upper management would scrap something that didn't pull in money via gaas, mts, or other means.

270°

Microsoft’s Surface and Xbox hardware revenues take a big hit in Q3

Microsoft just posted the third quarter of its 2024 fiscal financial results. The software maker made $61.9 billion in revenue and a net income of $21.9 billion during Q3. Revenue is up 17 percent, and net income has increased by 20 percent.

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darthv721d 2h ago

Xbox content + services up 62% while hardware down 31%... seems about right with the way they tout you don't need the hardware to play. People can play on their phones or smart tv or other means. I don't hardly play on my consoles directly since getting devices like the logitech g-cloud and ps portal. Which is to also say I have been playing more digital than physical because of these devices.

solideagle13h ago

you should apply in MS PR team buddy, I think you will do a great job in my humble opinion :)

Sonic188110h ago

I thought darthv72 and Obscure_Observer already work for Microsoft 🤔

dveio10h ago

MS: "Xbox services and content without AB up 1%, with AB up 62%. Hardware down 31%. In total a loss of 350 mill."

darthv72: "Seems about right."

MS: "Excuse m ..."

darthv72: "I don't hardly play on my consoles directly."

MS:

Lightning775h ago

What he said was facts. How he plays games is no concern of you. Don't get too mad about it.

Cacabunga12h ago

I can tell people like you are an absolute minority..

If service is up means their fans and fanboys accepted this model and subscribed to it. The near future you will see a big decline because the service is saturated.

shinoff218312h ago

But that's been ms for years. When things aren't going their way they try to change the way things are said. For instance console sales are down, they stop telling how many sold instead telling us how many hours spent in halo or headshots. So it makes sense console sales down just say people are playing on more devices then previous. What they won't say is how many xbox players jumped ship to ps5.

Cacabunga11h ago

Hardware sales are so bad that Sony and Nintendo are blowing the sales off the water with their hardware.

If Xbox are losers, others aren’t..
Xbox already tried everything with Xbox live then subscriptions went down so much that they had to find something else. Their fans subscribed then reached saturation rather quickly.

Hardware and exclusive games is where it’s at! Keep gamers excited, announce decent software and people will support you

itsmebryan6h ago

@shin
Well keep it simple Sony 's operating income is down 26% and Microsoft's is up 32%. No MS spin there, just facts. 😉
Cheers

romulus235h ago

Odd that a company that touts you dont need the hardware to play is already touting another console in the works.

darthv725h ago

They are not reliant on the HW but still want to maintain a presence (no matter how small) is a good thing. It shows commitment to the craft. It reminds me of SNK and how they made games for their own hardware (Neo Geo) while also making them for others because they knew there was a market to do so. They knew they would sell more to others but also sell to their own niche fan base.

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purple10115h ago

Xbox hardware revenue tanks to lowest point of Xbox Series generation

Profchaos15h ago

I'm not surprised surface is struggling they aren't relevant anymore

DOMination-4h ago

In the last two years they've started exiting the consumer market altogether. All of the newest Surface products are business models only. They can't seem to work out what they want to do with it.

XBManiac14h ago

Too expensive hardware when others offer the same or more for less? Good work, Green Team.

SimpleDad14h ago(Edited 14h ago)

"Despite some early successes for Xbox games on rival platforms, Xbox hardware is down by a massive 31 percent this quarter."
"Without Activision Blizzard, Microsoft’s overall gaming revenue would have actually declined this quarter."
"Xbox content and services would have only been up a single percent without Activision Blizzard..."
"It looks like next quarter is going to be a similar story for gaming at Microsoft, too."

That is crazy... so A/B/K is carrying the whole Xbox gaming.
Oh and Microsoft will be fine. Windows, Office and Cloud are growing with each pc purchase.

purple10113h ago

Activision: "we gonna need a bigger rucksack/backpack please"

Microsoft: "why's that"

Activision: "to carry yo' weak ass'

Profchaos13h ago(Edited 13h ago)

Top brass have also wanted to start seeing returns on the 100 billion they have put into various Xbox related moves so seeing more multiplatform games is highly likely especially from abk

It's basically saying that PlayStation is the reason Xbox is afloat right now thinks to Ps5 versions of COD

Kornholic12h ago

So basically PS and PC gamers' money is keeping Xbox on life support.

MrDead5h ago

The only growth MS will get out of the console industry is if it supports it's rivals platforms. Xbox is a pointless machine now. I can see them on a big push for live next, and they won't give up on trying to buy Steam.

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90°

An Update on This Year’s BlizzCon and Blizzard’s 2024 Live Events

Blizzard writes: "After careful consideration over the last year, we at Blizzard have made the decision not to hold BlizzCon in 2024. This decision was not made lightly as BlizzCon remains a very special event for all of us, and we know many of you look forward to it. While we’re approaching this year differently and as we have explored different event formats in the past, rest assured that we are just as excited as ever to bring BlizzCon back in future years."

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PRIMORDUS1d ago

How about you not hold Blizzcon anymore period. You fucking POS company. I really hope Blizzard would just die.