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Search resuls for: "Activision"


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☆ U.S. slaps record penalty on Fortnite maker for alleged children's privacy violation
  + stars: | 2022-12-19 | by ( Diane Bartz | Thomson Reuters | Focused On U.S. Antitrust As Well As Corporate Regulation | ) www.reuters.com   time to read: +2 min
It will pay a record penalty of $275 million for violating a children's privacy law and adopt strong default privacy settings for young people. Epic Games will also pay $245 million to refund consumers duped by so-called "dark patterns" into making purchases they did not intend to make, the FTC said. "Epic used privacy-invasive default settings and deceptive interfaces that tricked Fortnite users, including teenagers and children," said FTC Chair Lina Khan in a statement. The Epic Games logo, maker of the popular video game "Fortnite", is pictured on a screen in this picture illustration August 14, 2020. Children's privacy advocates were pleased with the settlement, with Jeff Chester of the Center for Digital Democracy saying that "kids should also have their data privacy rights better respected through this enforcement of the federal kids data privacy law (COPPA)."
☆ "Fortnite" maker Epic Games to settle alleged privacy violation for $520 mln
  + stars: | 2022-12-19 | by ( ) www.reuters.com   time to read: +2 min
Dec 19 (Reuters) - "Fortnite" creator Epic Games will pay $520 million to settle allegations that it illegally collected children's personal information and tricked people into making purchases, the Federal Trade Commission and the company said on Monday. It will pay a record penalty of $275 million for violating the children's privacy law and adopt strong default privacy settings for young people. Epic Games will also pay $245 million to refund consumers duped by so-called "dark patterns" into making purchases they did not intend to make, the FTC said. "Epic used privacy-invasive default settings and deceptive interfaces that tricked Fortnite users, including teenagers and children," said FTC Chair Lina Khan in a statement. The FTC said that Epic employees had expressed concern about the company's default settings in place for children, saying that people should be required to opt in for voice chat.
☆ 'Bored Ape' NFT startup names Activision operating chief as CEO
  + stars: | 2022-12-19 | by ( ) www.reuters.com   time to read: +1 min
Dec 19 (Reuters) - "Call of Duty" maker Activision Blizzard's (ATVI.O) chief operating officer Daniel Alegre will join "Bored Ape" NFT maker Yuga Labs as its chief executive, the metaverse startup said on Monday. The announcement comes days after the Biden administration sued to block tech giant Microsoft's (MSFT.O) $69 billion takeover of Activision. Alegre, who has served as operating chief at the videogame publisher since April 2020, will succeed Nicole Muniz as Yuga's CEO in the first half of 2023. "Since exploding onto the scene with Bored Ape Yacht Club in 2021, Yuga Labs has quickly made a name for itself through a powerful combination of storytelling and community-building,” Alegre said. Bored Ape NFTs are often used as profile pictures on social media.
☆ The biggest media targets and buyers in 2023, as speculation swirls around Disney's next move under CEO Bob Iger and how Warner Bros. Discovery can shed debt
  + stars: | 2022-12-19 | by ( Lucia Moses | Claire Atkinson | Reed Alexander | ) www.businessinsider.com   time to read: +12 min
Continued pressure to get bigger has big media companies in Hollywood looking to scale up. Media bankers and investors predicted to Insider that dealmaking will rebound in 2023 as companies big and small size up their options for possible tie-ups. Pressure on big media companies to get bigger hasn't gone away. Apple: Could eye a big content prizeTim Cook. Paramount's library could help a streaming company bulk up its content; Netflix for one has explored Paramount's studio business before.
☆ Microsoft Prepares to Go to Battle With FTC Over Activision Deal
  + stars: | 2022-12-17 | by ( Sarah E. Needleman | ) www.wsj.com   time to read: 1 min
Microsoft Corp. has signaled it plans to challenge the Federal Trade Commission’s lawsuit to block its $75 billion deal for Activision Blizzard Inc., and is expected to argue that it is an underdog in videogame developing. The personal-computing company has been publicizing its position for months, saying the acquisition wouldn’t threaten competition in the industry because Microsoft trails rivals in videogame consoles and has a limited presence in mobile-game development. The company has also said it expects the industry to get more competitive in the future with the rise of cloud gaming.
☆ How to play Activision with options
  + stars: | 2022-12-16 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow to play Activision with optionsKevin Kelly of Kelly Intelligence breaks down how to trade ATVI and the traders react. With CNBC's Melissa Lee and the Options Action traders, Tim Seymour, Carter Worth and Mike Khouw.
☆ Microsoft Needs to Play Activision Out
  + stars: | 2022-12-14 | by ( Dan Gallagher | ) www.wsj.com   time to read: +1 min
Phil Spencer, CEO of videogaming at Microsoft, had told The Wall Street Journal, “We have to break that duopoly” of two storefronts controlling the mobile market. One irony of Microsoft Corp.’s battle to acquire Activision Blizzard Inc. is that the deal’s fate may hang on the company’s ability to convince regulators—and now judges—that it has moved beyond the Xbox. Another is that the deal could prove key to reducing the market power of two other tech giants. Consoles were the main way that consumers played videogames then, and their respective makers worked to pile up exclusive content to keep players in their ecosystems. Those exclusive games augmented mega-popular franchises such as “Call of Duty” that were available across platforms.
☆ Diablo IV impresses with its dark atmosphere and expanded world — here's how to preorder to get early access to the new RPG
  + stars: | 2022-12-14 | by ( Kevin Webb | Video Game Reporter | Read More | ) www.businessinsider.com   time to read: +7 min
Diablo IV will be released on PC, Xbox, and PlayStation platforms on June 6, 2023. Diablo IV will launch on June 6, 2023 for Windows PCs, PlayStation 5, PS4, Xbox Series X/S, and Xbox One. The developers of Diablo IV have said one of their primary goals was to return to the franchise's roots of darkness and horror. Diablo IV can connect between platforms, so players on PC, PlayStation, and Xbox should have no issues playing together. Diablo 4 first-look impressionsDiablo IV / Activision BlizzardWe got to try the first few hours of Diablo IV during a hands-on media event.
☆ Blizzard tells China’s ‘World of Warcraft’ fans to back up data as it seeks new partner
  + stars: | 2022-12-14 | by ( Michelle Toh | ) edition.cnn.com   time to read: +2 min
Hong Kong CNN —“World of Warcraft” fans in China will have to back up their playing history as the distributor of the hit game winds down its agreement with Blizzard Entertainment. Blizzard, a unit of Activision Blizzard (ATVI), and its longtime Chinese partner, gaming giant NetEase (NTES), said last month they would not renew licensing agreements that are set to expire in January. Those deals had covered the publication of several popular Blizzard titles in mainland China, including “World of Warcraft,” “Hearthstone,” and “Diablo III,” since 2008. NetEase told fans last month that their “World of Warcraft” data would be “sealed” after servers for the game are shut down in January. Collaboration on “Diablo Immortal” is under a separate agreement that will continue, NetEase said in a November statement.
☆ The M&A market just went out with a bang after a terrible year, and it could be a sign of good times to come
  + stars: | 2022-12-13 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +6 min
(Hint: it's not on Wall Street.) Meanwhile, the largest deal of the year — Microsoft's $68.7 billion bid for Activision — might not even happen, thanks to regulators. But credit unions and community banks aren't happy with the new terms, The Wall Street Journal reports. Big tech nabs from Wall Street. Company culture on Wall Street: not great!
☆ Blizzard seeks new partners to continue offering World of Warcraft in China
  + stars: | 2022-12-13 | by ( Ryan Browne | ) www.cnbc.com   time to read: +3 min
Blizzard Entertainment is in talks with potential partners about continuing to offer its popular World of Warcraft title in China, as its deal with Chinese gaming giant NetEase is set to wind down. Blizzard said last month that it would discontinue services for World of Warcraft and other games in China from January 2023, after failing to renew its contract with NetEase. The deal, first signed in August 2008, allowed Blizzard to offer World of Warcraft in the country, where it has since become wildly popular. World of Warcraft is a massively multiplayer online game that sees players role play as their own characters, embark on various quests and battle monsters. High did not say whether Blizzard plans to seek alternative distribution partners for its other games in China, which include Hearthstone, Starcraft and Diablo III.
☆ Battle Between FTC and Microsoft Turns on Future of Cloud Gaming
  + stars: | 2022-12-12 | by ( Sarah E. Needleman | Aaron Tilley | ) www.wsj.com   time to read: 1 min
Gaming in the cloud is a small part of the current videogame market, but it is a key piece of the Federal Trade Commission’s lawsuit to block Microsoft Corp.’s purchase of Activision Blizzard Inc. Cloud gaming is an emerging technology that allows people to stream videogames to nearly any internet-connected device, similar to how movies and shows are viewed on Netflix , Hulu and other streaming platforms.
☆ A tense all-hands meeting at Google leaves employees worried about layoffs
  + stars: | 2022-12-12 | by ( Matt Weinberger | ) www.businessinsider.com   time to read: +5 min
Oh, and Insider released its inaugural Cloudverse list of the 100 top leaders building the next generation of the Internet. Insider's Hugh Langley reports on a tense all-hands inside Google, where employees once again pushed CEO Sundar Pichai to comment on the possibility of layoffs. Google employees have been worried about layoffs for a while, especially while pretty much all of the search giant's peers in Big Tech have cut jobs in recent weeks and months. Notably, employees used the all-hands to raise concerns over a new performance tool named GRAD. Swapping Big Tech for climate tech.
☆ Former DOJ assistant attorney general breaks down FTC lawsuit against Microsoft-Activision deal
  + stars: | 2022-12-12 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer DOJ assistant attorney general breaks down FTC lawsuit against Microsoft-Activision dealMakan Delrahim, former Department of Justice assistant attorney general, joins CNBC's "Squawk Box" to discuss the FTC's decision to sue Microsoft over its acquisition of Activision-Blizzard.
☆ FTC’s Tussle With Microsoft Puts Spotlight on Cloud Gaming
  + stars: | 2022-12-11 | by ( Sarah E. Needleman | Aaron Tilley | ) www.wsj.com   time to read: 1 min
Gaming in the cloud is a small part of the current videogame market, but it is a key piece of the Federal Trade Commission’s lawsuit to block Microsoft Corp.’s purchase of Activision Blizzard Inc. Cloud gaming is an emerging technology that allows people to stream videogames to nearly any internet-connected device, similar to how movies and shows are viewed on Netflix , Hulu and other streaming platforms.
☆ FTC’s Move to Block Microsoft’s Deal for Activision Blizzard Came Despite Charm Offensive
  + stars: | 2022-12-10 | by ( Sarah E. Needleman | ) www.wsj.com   time to read: 1 min
Microsoft Corp. had been working for close to a year to calm regulators’ concerns about its acquisition of videogame developer Activision Blizzard Inc., but the Federal Trade Commission’s suit to block the deal raised doubts about the company’s pledge not to shut out rivals. The FTC this week took one of its biggest swings ever against a big technology company and sued to stop the planned $75 billion acquisition, setting the stage for a court challenge over a deal the antitrust agency said would harm competition.
☆ Microsoft Case Poses Crucial Test for FTC’s Fight Against ‘Vertical’ Mergers
  + stars: | 2022-12-10 | by ( Brent Kendall | Dave Michaels | ) www.wsj.com   time to read: 1 min
The Federal Trade Commission argues the deal would give Microsoft the incentive and ability to degrade or withhold Activision’s content on rival systems. In challenging Microsoft Corp.’s $75 billion acquisition of Activision Blizzard Inc., the Federal Trade Commission is building its marquee antitrust case of Chair Lina Khan’s tenure on expansive legal theories that haven’t prevailed in other recent cases. The lawsuit targets a so-called vertical merger that would combine Microsoft’s software, devices and cloud-computing business with Activision’s library of blockbuster videogames. The FTC argues the deal would give Microsoft the incentive and ability to degrade or withhold Activision’s content on rival systems, principally hurting Sony , its major competitor in gaming consoles and other platforms.
☆ Microsoft Faces Tougher Path to Closing Activision Deal
  + stars: | 2022-12-09 | by ( Will Feuer | ) www.wsj.com   time to read: 1 min
Shares of Activision fell a day after the FTC sued Microsoft to block its planned acquisition of the ‘Call of Duty’ publisher. The Federal Trade Commission’s suit to block Microsoft Corp.’s $75 billion purchase of Activision Blizzard Inc. puts the software giant in regulators’ crosshairs and leaves Activision in limbo. Microsoft, after earlier offering concessions to regulators, is prepared to defend its purchase of the “Call of Duty” publisher in court, Microsoft vice chairman and president, Brad Smith , said Thursday. Activision Chief Executive Bobby Kotick said the regulatory environment is focused on ideology and misconceptions.
☆ If the FTC is going to sue Meta for Within, they had to stop the Activision deal, says The Verge's Patel
  + stars: | 2022-12-09 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIf the FTC is going to sue Meta for Within, they had to stop the Activision deal, says The Verge's PatelNilay Patel, The Verge, joins 'TechCheck' to discuss why he expected the FTC to sue Microsoft over its attempted acquisition of Activision Blizzard, if there's a potential monopoly forming in virtual reality and more.
☆ Microsoft likely has the upper hand against the FTC, says Cowen's Aaron Glick
  + stars: | 2022-12-09 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicrosoft likely has the upper hand against the FTC, says Cowen's Aaron GlickCowen's Aaron Glick joins CNBC's 'Squawk Box' to discuss the Federal Trade Commission's move to block Microsoft's planned acquisition of Activision Blizzard.
☆ Microsoft deal will more than likely close despite FTC lawsuit, says Raymond James' Marok
  + stars: | 2022-12-09 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicrosoft deal will more than likely close despite FTC lawsuit, says Raymond James' MarokAndrew Marok, Raymond James internet and digital media analyst, joins 'Power Lunch' to discuss why the FTC decided to sue Microsoft over its attempt to acquire Activision Blizzard, who is potentially hurt by the deal and more.
☆ Morning Bid: All in on reopening
  + stars: | 2022-12-09 | by ( ) www.reuters.com   time to read: +2 min
The path to reopening is unlikely to be smooth and straight-forward, with some finding it difficult to break out of habits formed during the strict lockdowns. Reuters GraphicsInvestors though are riding on the reopening optimism. Next week's slate of central bank meetings will show us which way the interest rates are headed. Meanwhile, Keystone pipeline in the United States was shut down after more than 14,000 barrels of crude oil spilled into a creek in Kansas. Yet oil remains pinned near one-year lows, as gloom about demand offsets the Ukraine war's strain on supply.
☆ Biden faces uphill battle in spat with Microsoft over Activision deal
  + stars: | 2022-12-09 | by ( Diane Bartz | Thomson Reuters | Focused On U.S. Antitrust As Well As Corporate Regulation | ) www.reuters.com   time to read: +4 min
"The legal precedent is not on the side of the FTC," said Andre Barlow, an antitrust lawyer at Doyle, Barlow & Mazard PLLC. Barlow pointed to three recent mergers challenged by the FTC or Justice Department that were ultimately allowed to proceed. Those cases share something else in common with the proposed Microsoft deal: in each instance, a company would merge with a supplier in a so-called "vertical" merger. "Vertical merger challenges are really difficult to win so it will be an uphill battle for the FTC," said Roger Alford, who teaches law at the University of Notre Dame. Reuters reported last month that Microsoft was expected to offer remedies to EU antitrust regulators in the coming weeks to stave off formal objections to the deal.
☆ Investors should expect this Activision deal will go through, says Roger McNamee
  + stars: | 2022-12-09 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors should expect this Activision deal will go through, says Roger McNameeRoger McNamee, Elevation Partners co-founder, joins 'Squawk on the Street' to discuss if McNamee thinks the FTC is in the right with its lawsuit against Microsoft and how the anti-trust may need to change more.
☆ The Week That Was: U.S. government blocks Microsoft's deal to acquire Activision
  + stars: | 2022-12-09 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Week That Was: U.S. government blocks Microsoft's deal to acquire ActivisionCNBC's Kelly Evans looks back at the week's top business and financial stories.
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