What the numbers say: Gaming company Activision Blizzard generated $7.53B in annual revenue in 2022. Known for publishing popular titles like Call of Duty, Guitar Hero, StarCraft, and World of Warcraft, Activision Blizzard has sold millions of copies of the long-running Call of Duty franchise. In Q1 2023, Activision Blizzard announced quarterly revenues of over US$2.38B, compared to $1.77B in the corresponding quarter of the previous year. Relevance: Microsoft is scheduled to appear in court on June 22 to confront the Federal Trade Commission (FTC) in a five-day case to decide the fate of its planned $68.7B acquisition of Activision Blizzard. The FTC seeks a preliminary injunctionto stop Microsoft from finalizing the deal before a separate legal challenge begins on Aug. 2. |
