A “fragile” UK government could miss a post-Brexit opportunity to attract thousands of jobs if it blocks Microsoft’s $75bn acquisition of Activision Blizzard, the head of the video game maker said as the deal awaits regulatory approval. Bobby Kotick, the Activision chief executive who is trying to get the deal through competition authorities in the UK, the EU and the US, expressed concern that “ideologues” were taking over the agencies, during an interview with the Financial Times in which he also accused Sony of “trying to sabotage” Microsoft’s takeover. The US Federal Trade Commission in December sued to halt Microsoft’s Activision acquisition. Read More...
American City Business Journals
Activision Blizzard stock rises as ‘Call of Duty’ boosts Q4 sales
Activision Blizzard Inc. shares jumped about 6% Tuesday after the video game publisher said sales of its latest “Call of Duty” title helped bolster company revenue despite a challenging fourth quarter. The Santa Monica, California-based company, which posted its fourth-quarter results after the close of New York markets Monday, said net income for the quarter ended December fell to $403 million, or 51 cents per share, from $564 million, or 72 cents per share, during the same time frame a year ago. Net revenue for the quarter rose to $2.33 billion from $2.16 billion a year ago.