Shares in Sony have dropped by 13 percent, as the Tokyo stock market reacted to yesterday's industry-shaking announcement that Microsoft will buy Activision Blizzard . The fall in stock price is the largest since October 2008 - the same month Sony was forced to recall 100,000 laptop batteries due to fire hazard. The Financial Times and Bloomberg spotted Sony's sudden stock plunge overnight, and noted it had wiped around $20bn from Sony's market value. There was positive news for other game makers, however. Shares for Japanese publishers such as Square Enix, Capcom and Konami all rose around five percent, while Ubisoft's price surged 11 percent - all perhaps seen as Microsoft's next target. Microsoft's astonishing $68bn price-tag for Activision Blizzard was calculated based on a price of $95 per share - roughly 45 percent above Activision's stock price before the announcement. Come 2023, when the deal is likely finalised, this will give Activision Blizzard's shareholders … [Read more...] about Sony stock value plummets $20bn following word of Microsoft Activision Blizzard deal
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Microsoft's planned acquisition of Activision Blizzard is a massive shift in the gaming industry that would place huge franchises like Call of Duty and World of Warcraft under the Xbox umbrella. The continued consolidation in the industry has raised questions among the community of antitrust violations and if that could impact the deal. GameSpot spoke with lawyer Richard Hoeg, who said these potential pitfalls are unlikely to scuttle the acquisition altogether. However, the deal will certainly attract the close attention of the United States Federal Trade Commission (FTC) and Department of Justice (DOJ), and regulators could request some changes that make the acquisition look different than initially planned. To start, he said, Microsoft is likely to argue that the overall gaming market is so broad that this level of consolidation doesn't pose a risk to competition. "That said, in the US both the FTC and DOJ have expressed more willingness to evaluate such deals than they have in … [Read more...] about Microsoft’s Activision Blizzard Acquisition Likely To Be Scrutinized By Regulators, Says Legal Expert
Microsoft announced plans to acquire Activision Blizzard today , making it the company's largest acquisition ever--not just in gaming, but across all industries . The proposed $70 billion deal will mean Microsoft owns the rights to some of the biggest franchises in gaming, including Call of Duty and World of Warcraft . But following Activision's stewardship of annualization and tumult over harassment, what kind of studio culture is Microsoft buying? When Microsoft bought studios like Obsidian or Double Fine, it was easy to understand the types of expertise and culture the company was buying. As an elevator pitch, you could say that Obsidian is known for mechanically complex RPGs, and Double Fine is known for its quirky humor. You can understand right away how these fold into the Microsoft umbrella to complement and round out their existing corporate and creative structures. Microsoft's previously largest gaming acquisition, Bethesda, was similarly clear across its slate of … [Read more...] about What Kind Of Culture Is Microsoft Buying In Activision Blizzard Acquisition Deal?
Bobby Kotick will reportedly depart Activision Blizzard once the publisher's newly announced merger with Microsoft is finalized, but he will remain CEO of the company for the immediate future. In its announcement of the Microsoft Activision purchase , the latter company repeatedly stressed that "Kotick will continue to serve as CEO of Activision Blizzard, and he and his team will maintain their focus on driving efforts to further strengthen the company's culture and accelerate business growth." However, it was also made clear that "once the deal closes, the Activision Blizzard business will report to Phil Spencer," CEO of Microsoft Gaming. Microsoft supported this timeline in a statement to IGN but didn't explicitly specify whether Kotick will maintain his position after the deal's transition period. However, the Wall Street Journal reports that, according to people familiar with the publisher's plans, Kotick "will depart once the deal closes." The deal is … [Read more...] about Bobby Kotick will remain Activision Blizzard CEO but reports suggest he may leave once Microsoft deal closes
Activision Blizzard's controversial boss Bobby Kotick recently considered acquiring video games websites such as Kotaku and PC Gamer, according to a new report. That's according to the Wall St Journal , and sources with knowledge of Activision Blizzard's recent plans. Kotick apparently suggested the idea to "change the public narrative" surrounding Activision Blizzard, following months of media coverage of the company's culture , history of sexual harassment allegations , and subsequent employee protests . Activision has denied the report, while Kotaku owner G/O Media declined to comment. PC Gamer did not respond. The suggestion seems to be that Activision Blizzard wanted to make an acquisition which would give the media something new to chew over - rather than an outright attempt at purchasing media outlets which had previously published critical coverage. Still, the effect would likely to have been chilling. Kotick is expected to finally leave Activision Blizzard … [Read more...] about Activision Blizzard boss mulled buyout of Kotaku and PC Gamer – report
The news that Microsoft is acquiring Call of Duty publisher Activision Blizzard brings with it a lot of baggage. In addition to a number of studios, Activision owns the intellectual property rights to a huge number of games and series. So when the news of the Microsoft acquisition broke, many players immediately wondered if that meant the Xbox maker would now own From Software's Sekiro: Shadows Die Twice . Publishers often acquire the IP rights to games as part of their publishing deals--but that's not always the case. When it comes to Sekiro, the copyright for the game remains with From Software , not with Activision. Thus, while Microsoft is getting a whole lot of brands in the deal, from Call of Duty to StarCraft to Crash Bandicoot, it's not acquiring Sekiro. With Sekiro remaining independent, it means that Microsoft can't immediately add the game to its Xbox Game Pass subscription service, as it has done with Bethesda games after its other big recent acquisition. That … [Read more...] about Will Microsoft Now Own Sekiro: Shadows Die Twice?
While Diablo II: Resurrected's upcoming patch 2.4 isn't live on the game's public test servers just yet, a number of the new Runewords that will be coming with the patch have been revealed by different Diablo-focused content creators. As reported by Wowhead , three new Runewords have been detailed so far. Streamer Dbrunski125 recently detailed the Unbending Will Runeword, content creator Rhykker unveiled the Mist Runeword, and Korean streamer Shery revealed the Wisdom Runeword. Unbending Will looks to be tailored towards sword-wielding Barbarian players (and mercenaries), granting attacks a chance to cast taunt, +3 to combat skills, increased attack speed, enhanced damage, extra attack rating, lifesteal, and much more. Mist is a five socket Runeword for bows or crossbows and looks like it will be a great fit for both the Amazon class and the game's Act I mercenary. The Runeword grants a level 9 concentration aura, +3 to all skills, piercing attacks, increased attack … [Read more...] about New Diablo 2: Resurrected Runewords For Patch 2.4 Revealed