Activision Blizzard (ATVI) Company Overview

Videogame giant Activision Blizzard is set to pay around $50 million to settle a lawsuit by a California regulator, a US news report said Friday.

Activision Blizzard will pay roughly $50 million to settle a 2021 lawsuit by a California regulator that alleged the videogame maker discriminated against women employees, including denying them promotion opportunities and underpaying them.

The Federal Trade Commission is seeking to overturn a ruling that denied its request to temporarily block Microsoft Corp MSFT $75 billion acquisition of Activision Blizzard.

The FTC is trying to block Microsoft's acquisition of Activision Blizzard, the maker of the popular "Call of Duty" franchise, after a lower court allowed the deal to proceed.

The Federal Trade Commission (FTC) is reportedly continuing its legal battle to challenge Microsoft's acquisition of Activision Blizzard, the maker of popular video game franchise “Call of Duty.” The FTC argues that the deal raises serious competitive concerns and could lead to Microsoft dominating the gaming industry, Reuters reported Wednesday (Dec. 6).

Warren Buffett wrote an op-ed for The New York Times during the financial markets collapse in 2008 titled, “ Buy American. I Am. ” At the time, the housing market was in free fall, Lehman Brothers had just imploded, and the stock market tumbled 20% on its way to losing more than half its value before hitting bottom.

The Epic Games trial is the second major US antitrust trial currently facing Google.

Microsoft's recent acquisition reveals the value in the industry leaders with large player bases. Take-Two is expected to deliver record revenue in the next two years.

Earlier this month, Microsoft (MSFT) completed its $69 billion acquisition of video game company Activision Blizzard (ATVI). The tech giant reported mixed results for its gaming segments in its fiscal first-quarter earnings on Wednesday— gaming hardware revenue declined, but content/services and overall gaming revenues increased.