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Saudi-Backed Company Buys ESL For $1 Billion
24.1.2022
It’s being reported by multiple outlets that ESL, one of the world’s oldest and biggest esports companies, has been bought for $1 billion by Savvy Gaming, an esports investment company that is backed by the Saudi Arabian Government’s wealthy and controversial Public Investment Fund.Read more
Microsoft’s Activision Blizzard Purchase Isn’t Great, But Isn’t An Illegal Monopoly Either
19.1.2022
Yesterday’s announcement of Microsoft’s plan to purchase Activision Blizzard King for nearly $70 billion immediately sparked discussions about antitrust laws and monopolies, financial terms that pop up whenever a high-profile company purchases another high-profile company. While the merging...
The Real Reasons Activision Blizzard Was Sold, Without Bobby Kotick's PR Spin
19.1.2022
As you probably already heard, Microsoft is looking to purchase Activision Blizzard for a whopping $68.7 billion. But why Activision CEO Bobby Kotick suddenly decided to give up control of the company and where that leaves the beleaguered executive after the ink dries changes depending on who...
Head Of Microsoft Says He’s ‘Grateful’ For Activision Blizzard CEO Bobby Kotick's 'Commitment to Real Change'
18.1.2022
Microsoft revealed a bombshell today: it’s buying embattled Call of Duty publisher Activision Blizzard in the largest gaming industry acquisition ever. That means a lot of things, including that the head of Xbox, Phil Spencer, will soon be veteran CEO Bobby Kotick’s new boss. But what that means...
Report: Bobby Kotick Is Still Trying To Hide The Scale Of Activision's Problems
17.1.2022
The Wall Street Journal is reporting that not only has Activision Blizzard fired dozens of staff in the last few months, but that CEO Bobby Kotick has been hiding that information from the public. Because it might look bad...Read more
Despite Pandemic, Gaming CEOs Made An Obscene Amount Of Money In 2020
14.1.2022
In 2020, as the world grappled with a paradigmatic societal shift in the form of a globe-spanning pandemic, chief executives of the biggest gaming companies collectively brought home close to $1 billion. That’s according to a new report from market intelligence firm Games One, which collates...
But When Will Sony Kill Off The PS4? Let's Guess!
14.1.2022
One day, the PlayStation 4's time will end. It’s bound to happen! But earlier this week, Bloomberg claimed that Sony apparently planned to discontinue the PS4 at the end of 2021. Sony has once again denied this claim. So, when will the console’s lifespan end? Read more
GTA Publisher To Buy Farmville Maker Zynga For $12.7 Billion
10.1.2022
Take-Two, the publisher behind some of the biggest names in gaming like Grand Theft Auto and NBA 2K, today announced a deal to buy mobile game company Zynga for $12.7 billion. If the acquisition of the FarmVille creator goes through, it will mark the biggest sale in video game history.Read more
Report: GameStop Is Going Into Crypto And NFTs
7.1.2022
It’s not only game companies like Square Enix and Ubisoft who are getting into NFTs, game retailer GameStop is reportedly doing so, too. According to The Wall Street Journal reports, the Texas-based company is launching its own crypto division with plans to create an online NFT marketplace...
Sunday Comics: 2022
2.1.2022
Hello! It’s time for Kotaku’s Sunday Comics, your weekly roundup of the best webcomics. The images enlarge if you click on the magnifying glass icon.Read more
Roblox CEO Outed For Using Completely Legal, Completely Ridiculous Tax Dodge
29.12.2021
Game-making platform and fledgling metaverse Roblox made the news yesterday as the focus of a New York Times report about a ‘90s era tax cut that’s spun out of control. Originally created to foster investment in small businesses, the Qualified Small Business Stock, or Q.S.B.S., exemption...
Sunday Comics: Wonderful!
26.12.2021
Hello! It’s time for Kotaku’s Sunday Comics, your weekly roundup of the best webcomics. The images enlarge if you click on the magnifying glass icon.Read more
Sunday Comics: Nice Sword!
19.12.2021
Hello! It’s time for Kotaku’s Sunday Comics, your weekly roundup of the best webcomics. The images enlarge if you click on the magnifying glass icon.Read more
CD Projekt Settles Cyberpunk 2077 Lawsuit, Will Pay $1.85 Million
17.12.2021
This time last year a group of investors filed a class-action lawsuit against CD Projekt Red over Cyberpunk 2077's disastrous launch, saying the game was “virtually unplayable on the current-generation Xbox or Playstation systems due to an enormous number of bugs”.Read more
Government Officials Pressuring Activision Blizzard Are Now Threatening The Company's Profits
1.12.2021
State treasurers from California, Massachusetts, Illinois, Oregon, Delaware, and Nevada are calling on Activision Blizzard to take more serious measures in addressing ongoing high-profile investigations and lawsuits about the company’s troubling culture. According to Axios, said treasurers have...
GameStop Pushes Employees To The Breaking Point During Holiday Rush
1.12.2021
It’s been a gangbusters year for those at the top of the GameStop pyramid. Revenue is down and stores are closing, but the stock price continues to hover around an unprecedented $200 a share, forging gilded parachutes for its fleeing C-Suite. For many at the bottom, however, it’s been one of...
Right-Wing Group Wants Bobby Kotick Removed From Coca-Cola's Board
1.12.2021
The National Legal and Policy Center, a right-wing organisation that “promotes ethics in public life”, has written to Coca-Cola Chairman and CEO James Quincey asking that he “immediately seek the resignation” of besieged Activision Blizzard CEO Bobby Kotick from the company’s board of directors,...
Man Arrested For Re-selling Game Consoles That Were For Delivery
26.11.2021
A 50-year-old man has been arrested by the Tokyo police for allegedly reselling approximately two hundred video game consoles and games that were set for delivery. The suspect has confessed to the charges.Read more
GameStop Meme Stock Villain Buys Copy Of The Constitution For $43 Million
20.11.2021
Here are some words I never thought I’d type: the hedge fund CEO that bailed out GameStop short sellers earlier this year just secretly outbid a hyped-up bunch of crypto lords for an ultra rare copy of the original U.S. Constitution. Earlier this year, billionaire Kenneth Griffin became public...
Let's Meet The Board Members Supporting Besieged Activision Blizzard CEO Bobby Kotick
18.11.2021
Activision Blizzard has had a nightmarish 2021, with historic allegations of harassment causing enormous upheaval at the company, several high-profile lawsuits and the departure (or firings) of many key executives and developers. You would think that this mess would fall at the feet of...