Bungie break up with Activision and holds Destiny

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Started by ethomaz, Jan 10, 2019, 09:59 PM

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Activision Currently Under Investigation for Fraud | ResetEra

EvilChameleon said:    Was this posted? Activision is being investigated for fraud.

https://comicbook.com/gaming/2019/01/12/activision-under-investigation-for-fraud-bungie-slit/  Click to expand...  https://www.prnewswire.com/news-rel...activision-blizzard-inc---atvi-300777066.html
   Pomerantz LLP is investigating claims on behalf of investors of Activision Blizzard, Inc. ("Activision" or the "Company") Such investors are advised to contact Robert S. Willoughby at (email protected) or 888-476-6529, ext. 9980.
 The investigation concerns whether Activision and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  Click to expand...      On January 11, 2019, the Company disclosed that it would be separating from its design and development partner Bungie, Inc. ("Bungie") and that Bungie will assume full publishing rights and responsibilities for the Destiny franchise. Bungie had developed the Destiny franchise with Activision as publisher. In the first five days of the Destiny franchise's release, it sold $325M at retail. Following this announcement, Activision's stock price fell sharply during intraday trading on January 11, 2019.  Click to expand...