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News Breaks
June 2, 2014
07:38 EDTWDDD, ATVIWorlds Inc. says Activision Blizzard suit dismissed with prejudice
A lawsuit by Activision Publishing, a subsidiary of Activision Blizzard (ATVI), against Worlds Inc. (WDDD) and Worlds Online has been dismissed with prejudice, Worlds reported. In the suit, Activision alleged that Worlds violates U.S. Patent No. 6,014,145 entitled "Navigation with optimum viewpoints in three-dimensional workspace interactive displays having three-dimensional objects with collision barriers" and U.S. Patent No. 5,883,628 entitled "Climability: property for objects in 3-D virtual environments." Thom Kidrin, CEO for Worlds Inc. and Worlds Online, said, "With that matter disposed permanently, we are now focusing on the scheduling of the Markman Hearing date in our patent infringement suit against Activision et al."
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August 31, 2014
13:58 EDTATVIBrean Capital to hold a conference
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August 29, 2014
12:00 EDTATVITake-Two rises after speculated as potential Activision target
Shares of video game maker Take-Two (TTWO) are rising after an analyst speculated that it could be acquired by another company in the space, Actvision Blizzard (ATVI). WHAT'S NEW: Dan Houser. the co-founder of key Take-Two division Rockstar Games, appears to be quite fond of Hollywood and Los Angeles, as many of Rockstar's games involve that genre, Benchmark analyst Mike Hickey wrote in a note to investors today. Additionally, there is speculation that Take-Two Interactive could be considering a movie based on Rockstar's hit Grand Theft Auto game, according to the analyst, who adds that Rockstar would control the development of the movie. Activision is based near Los Angeles and it may be in the process of entering the movie business, according to Hickey. Activision's possible foray into movies could stem partly from the larger company being interested in Take-Two, Hickey contended. Such an acquisition would be a "no-brainer" for Activision, given Take-Two's strong development talent and intellectual property, along with its nearly $1B in cash and attractive valuation, the analyst stated. He kept Buy ratings on both stocks. PRICE ACTION: In late morning trading, Take-Two rallied 4% to $23.39 and Activision advanced 0.4% to $23.44.
11:29 EDTATVITake-Two calls active, could be Activision takeover target, says Benchmark Co.
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11:21 EDTATVITake-Two could be Activision takeover target, says Benchmark Co.
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August 22, 2014
11:59 EDTATVIGameStop surges after Q2 EPS, revenue beat expectations
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August 20, 2014
08:42 EDTATVIActivision Blizzard price target raised to $30 from $24 at Argus
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