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| June 18, 2019

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Activision Blizzard to lay off 8% of workforce

February 12, 2019 |

Activision Blizzard, the Santa Monica game publisher behind blockbuster game franchises such as “Call of Duty” and “World of Warcraft,” is laying off approximately 8% of its workforce in the face of drastically lowered revenue expectations for 2019.

Based on a reported workforce of 9,800, more…


L.A. Times – Business

Bungie splits from Activision, retains rights to its Destiny game series

January 11, 2019 |

Two giants of the video game industry — Santa Monica’s Activision Blizzard and Washington-based game developer Bungie — are getting a surprise divorce, with just one year left to go on a 10-year contract inked in 2010.

Bungie announced the split in a blog post Thursday afternoon, and both companies…


L.A. Times – Business

Activision Blizzard plans to fire its CFO

January 1, 2019 |

Activision Blizzard Inc. said it plans to fire Chief Financial Officer Spencer Neumann for cause unrelated to the video-game company’s financial performance and has placed him on paid leave.

Neumann will be on leave pending an opportunity to demonstrate why he shouldn’t be let go, the Santa Monica…


L.A. Times – Business

Activision Blizzard at a glance

October 7, 2013 |

The company: Activision Blizzard Inc.

    




L.A. Times – Business

Activision, investors to buy back most of Vivendi’s stake

July 27, 2013 |

The $ 8.2-billion deal would free Activision from Vivendi’s financial struggles and let it focus on the evolving video game industry.

Activision Blizzard Inc. and a group of investors led by its top executives are buying most of Vivendi’s stake in the world’s largest video game publisher in an $ 8.2-billion transaction.

    


L.A. Times – Business

Activision goes solo in $8.2 billion deal – Fortune (blog)

July 26, 2013 |

New York Times

Activision goes solo in $ 8.2 billion deal
Fortune (blog)
The maker of popular video games World of Warcraft and Call of Duty is striking out on its own in an $ 8.2 billion deal to go independent. Activision Blizzard plans to buy back 429 million shares for about $ 5.8 billion from French media company Vivendi.
Activision Becomes Independent With Buyout of VivendiBloomberg
Activision takes reins from Vivendi for $ 8.2 billionUSA TODAY
UPDATE 4-Vivendi overhaul gathers pace with $ 8.2 bln Activision dealReuters
TheStreet.com –The Guardian –socalTech.com
all 92 news articles »

Business – Google News

Activision in $8.2 Billion Deal to Buy Back Stake From Vivendi – New York Times

July 26, 2013 |

New York Times

Activision in $ 8.2 Billion Deal to Buy Back Stake From Vivendi
New York Times
Bobby Kotick, chief executive of Activision Blizzard, with images of characters from the Skylanders J. Emilio Flores for The New York TimesBobby Kotick, chief executive of Activision Blizzard. Activision Blizzard, the world's biggest video game publisher, has a 
Activision goes solo in $ 8.2 billion dealCNNMoney
Activision Becomes Independent With Buyout of VivendiBloomberg
Activision chief leads $ 8.2bn investor buyoutFinancial Times
Wall Street Journal –Forbes –Reuters
all 47 news articles »

Business – Google News

Vivendi mulls cash move on Activision: report

July 7, 2013 |

The logo of Vivendi is seen during the company's 2008 annual results presentation in ParisPARIS (Reuters) – Vivendi is exploring alternative moves to extract cash from its Activision Blizzard unit after failing to sell part of its 61-percent stake in the U.S. video games business, the Financial Times reported on its website on Sunday. One of the options Vivendi has explored during discussions with Activision includes a tender offer by the U.S. company for part of this holding funded by cash on its balance sheet or through a debt offering, the newspaper said citing people familiar with the talks. …



Business News Headlines – Yahoo! News

Activision Blizzard’s third-quarter profit beats forecasts

November 8, 2012 |

Activision Blizzard reports net income of $ 226 million, up 53% from a year earlier, as its ‘Skylanders’ and ‘Diablo’ video games sold well.

Activision Blizzard Inc., the largest U.S. video-game maker, posted third-quarter profit that beat analysts’ estimates on gains from its “Skylanders” and “Diablo” titles.



L.A. Times – Business