Activision Blizzard

Africa's gaming industry is exploding, and Microsoft Corp (NASDAQ:MSFT) might want to take notes. A new report from Carry1st and Newzoo shows the continent's gaming revenue hit $1.8 billion in 2024, surging 12.4% year-over-year, according to Techpoint Africa. But here's the kicker—90% of that...

Microsoft has announced a reduction of about 650 jobs in its gaming division. The job cuts are part of a strategic realignment to efficiently manage the expanded gaming portfolio. The stock has shown growth, rising by 13% since the start of the year. Microsoft Corp (NASDAQ: MSFT) is cutting about...

Editor’s Note: This story has been updated with a confirmation from Microsoft. Microsoft (NASDAQ:MSFT) has reportedly laid off 650 employees in its gaming division, months after the company laid off 1,900 employees following its $68.7 billion acquisition of Activision Blizzard. What Happened...

Microsoft Corp (NASDAQ:MSFT) CEO Satya Nadella on Thursday announced the company’s record-breaking gaming performance and its expansion to Nintendo Co., Ltd (OTC:NTDOY) Switch and Sony Group Corporation (NYSE:SONY) PlayStation. What Happened: On Thursday,...

Microsoft Corp (NASDAQ:MSFT) is reportedly planning to release some of its Xbox games on rival platforms. What Happened: Microsoft is preparing to launch a select number of Xbox games on platforms such as Sony Group Corp (NYSE:SONY)’s PlayStation and Nintendo Co Ltd (OTC:NTDOY)’s Switch...

In the wake of its successful acquisition of Activision Blizzard, tech giant Microsoft Corporation (NASDAQ:MSFT) has been celebrating record-breaking numbers of monthly active users on its Xbox PC and mobile platforms. What Happened: During the second-quarter conference call, Microsoft CEO Satya...

Microsoft’s President, Brad Smith, has lauded the UK’s Competition and Markets Authority (CMA) for its "fair" stance on the Activision Blizzard deal. What Happened: Smith had previously criticized the CMA for blocking Microsoft Corp.'s (NASDAQ:MSFT) acquisition of Activision Blizzard in...

Sony Group Corp. (NYSE:SONY) is anticipating a $1.5 billion loss by 2027 due to Microsoft Corp.'s (NASDAQ:MSFT) acquisition of Activision Blizzard. What Happened: Sony sees the merger of Activision Blizzard and Microsoft as a substantial threat to its console and subscription businesses, according...

Blizzard Entertainment boss Mike Ybarra thinks that being acquired by Microsoft Corp. (NASDAQ:MSFT) will allow it to be more independent and serve players "better than we ever have." What Happened: Ybarra expressed optimism for the studio's future autonomy following its acquisition by Xbox,...

Microsoft Corporation (NASDAQ:MSFT) CEO Satya Nadella on Friday shared a letter to the shareholders in which he highlighted LinkedIn’s significant milestone along with shedding light on the company’s performance in gaming, search, security, and its vision for the “new era of AI....

The Competition and Markets Authority (CMA) in Britain has approved the proposed $69 billion acquisition of Activision Blizzard Inc. (NASDAQ:ATVI) by Microsoft Corporation (NASDAQ:MSFT). This approval comes after Microsoft made concessions to allay competition fears....

U.S. stocks traded higher with the Dow Jones gaining over 110 points on Thursday. The Dow traded up 0.35% to 33,666.34 while the NASDAQ rose 0.83% to 13,201.28. The S&P 500 also rose, gaining 0.59% to 4,299.70. These are the top stocks that gained the attention of retail traders and investors...

The U.S. Federal Trade Commission (F.T.C.) agreed to pause its in-house trial against the $69 billion acquisition of Activision Blizzard Inc. (NASDAQ:ATVI) by Microsoft Corp. (NASDAQ:MSFT). What Happened: The decision marks a significant victory for Microsoft and Activision as they strive to...

On Tuesday, Warren Buffett’s Berkshire Hathaway (NYSE:BRK) stood to make a profit of over $1 billion following the court’s decision to allow Microsoft (NASDAQ:MSFT) to proceed with its acquisition of Activision Blizzard (NASDAQ:ATVI), Business Insider reports. What Happened: Berkshire...

Microsoft Corp. (NASDAQ:MSFT) is gearing up to take the battle against the US Federal Trade Commission's (FTC) attempt to block the Activision Blizzard deal. A battery of top executives, including Microsoft CEO Satya Nadella, Xbox chief Phil Spencer, and Activision Blizzard CEO Bobby Kotick will...