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Nalezeno "business2cfinance": 91

The Saga Of Microsoft Buying Activision Blizzard Just Took A Wild Turn

8.2.2023
Activision Blizzard CEO Bobby Kotick recently went on TV to say the UK would become “Death Valley” if it didn’t approve his company’s $69 billion sale to Microsoft. We now know why. The country’s Competition and Markets Authority announced provisional findings on Wednesday that the deal would...

Nintendo Announces 10 Percent Pay Raise For Devs Despite Lower Profits

7.2.2023
Nintendo announced a 20 percent Switch sales drop in its latest financial report, but still plans to institute a 10 percent pay raise, the company told investors Tuesday. While it’s unclear if that hike will trickle down to temporary contractors at the Mario maker’s North American headquarters...

Activision Did Nothing Wrong, Will Pay $35 Million Settlement

3.2.2023
Activision Blizzard will pay the Securities Exchange Commission $35 million to settle charges that it violated workplace misconduct reporting rules and whistleblower protections. The Call of Duty publisher admits no wrongdoing in the case, which comes less than two years after a bombshell lawsuit...

Facebook's VR Division Lost $13.72 Billion In 2022

2.2.2023
Facebook’s parent company, Meta, is having a decent day today after beating revenue and user activity forecasts for its final fiscal quarter of 2022. But its VR division isn’t helping the company make money. In fact, it’s costing the company billions in losses.Read more

Top Gaming Influencer Group FaZe Clan Is Now A Penny Stock

31.1.2023
When FaZe Clan, an esports company turned gaming lifestyle agency, went public last year it claimed to be worth $700 million. Just six months later it’s worth just a fraction of that. Whether it’s the controversy constantly swirling around some of its members or the fact that the esports bubble...

Layoffs Hit GameSpot, Giant Bomb Just Months After Fandom Buys Them

19.1.2023
Two of the biggest outlets in games media are the latest to face layoffs. A number of editorial staff across both Giant Bomb and GameSpot revealed they’d been let go on Thursday, just months after the sites were purchased by the Fandom wiki network.Read more

Microsoft Slashes 10K Jobs, Including At Xbox And Halo Studios

18.1.2023
Following rumors earlier this week from Sky News, tech giant Microsoft has announced a slew of layoffs affecting 10,000 workers, some within its game studios, blaming slowing e-commerce sales and a potential economic recession. Kotaku has confirmed that a number of developers at 343 Industries,...

Ubisoft Devs Grill Boss On Shifting Blame And Chasing Trends

18.1.2023
Ubisoft CEO Yves Guillemot faced tough questions from some exhausted and fed-up staff about recent missteps and future plans in a company-wide Q&A session on Wednesday. The meeting comes just a week after the Assassin’s Creed publisher announced new cancellations, delays, and cost-cutting...

Ubisoft Employees Asked To Strike Over CEO's Comments, Pay Demands

18.1.2023
Ubisoft hasn’t had the best couple of years. A string of flops and disappointments means the company isn’t in the best shape as it heads into 2023, so in an attempt to get everyone firing last week CEO Yves Guillemot sent an email to staff telling them “The ball is in your court”. It did not...

NetEase Dissolves Team That Maintained Blizzard Games In China

13.1.2023
Back in November, Blizzard and NetEase ended their 14-year partnership to bring the Warcraft developer’s games to China. Now, it sounds like the NetEase team that handled the company’s games has been dissolved completely.Read more

Ubisoft's Never-ending Skull And Bones Delays: The Complete, Decade-Long Saga

13.1.2023
Skull And Bones started life as a multiplayer-focused expansion for 2013’s excellent Assassin’s Creed IV: Black Flag. Then it expanded into a bigger, MMO-like pirate game of its own. A decade later, and following its 2017 reveal and multiple delays, Ubisoft’s online pirate sim is still missing....

Ubisoft Delays Skull And Bones, Cancels More Games, And Announces New Cuts

11.1.2023
Ubisoft held an emergency call with investors on Wednesday to reveal that the company’s 2022 sales had fallen well below expectations and that it would be taking drastic measures going forward, including cancelling three more unannounced games, delaying Skull and Bones a few months yet again,...

After 'Retiring,' Vince McMahon Wants Back In WWE

6.1.2023
Vince McMahon, the former CEO of WWE, plans on returning to the wrestling company as executive chairman following his scandal-riddled retirement, he announced in a statement. Read more

Sonic Co-Creator Charged With Illegally Trading Over $1 Million In Final Fantasy Stock

28.12.2022
Last month, the legendary co-creator of Sonic the Hedgehog was arrested for allegedly purchasing shares in a Dragon Quest development studio before their announcement. A month later, he was arrested a second time for reportedly buying stock in a Final Fantasy company in a similar fashion....

Mythic Quest’s Charlotte Nicdao Teaches Us Some Handy Australian Slang

22.12.2022
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Atari’s Shambling, Zombie Corpse Is Once Again In Trouble

21.12.2022
Is it that time already? Atari, whatever that name actually means, is once again announcing it’s having a financial wobble. You could set your watch by how regularly this occurs. Who could have thought that launching a console no one wanted, while investing in crypto grifts, wasn’t the path...

Activision Blizzard President Leaves To Take Over Bored Ape Yacht Club

20.12.2022
Activision Blizzard president and Chief Operating Officer Daniel Alegre is leaving the company to become CEO of blockchain company Yuga Labs, which owns famous ugly NFTs like Bored Ape and CryptoPunks. Alegre, who was named in a February lawsuit alleging Activision Blizzard misled the SEC about...