Activision Blizzard Was Gearing Up to Buy Time Warner, CEO Says
thewrap.comVariety.The idea behind the plan being that Activision Blizzard could utilize Time Warner’s IP for game development, and Time Warner could turn Activision Blizzard’s vast stable of games into films and television properties.Kotick also refuted the allegations that Activision Blizzard had internal systemic problems with harassment and toxicity.
Those allegations came about in large part as a result of a 2021 civil suit filed by California’s Department of Fair Employment and Housing (DFEH) accusing Kotick’s company of enabling sexism, harassment and unequal pay for women.“We didn’t have any of what were mischaracterizations reported in the media,” Kotick said, responding to the claims. “But what we did have was a very aggressive labor movement working hard to try and destabilize the company.”Amid that contentious backdrop, Microsoft swooped in and made a bid to buy Activision Blizzard.
The deal remains in progress. So far, major players such as the EU and South Korea have approved it. One major holdout is the UK.
Britain’s Competition and Markets Authority (CMA) blocked the deal, but Microsoft is actively appealing the decision.As to why Microsoft is so interested in Activision Blizzard, the company’s IP stable speaks for itself.
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