Microsoft's Activision Blizzard Settles California Gender Discrimination Case For $55M
Portfolio Pulse from Ananya Gairola
Activision Blizzard, now a Microsoft subsidiary, has agreed to a $55 million settlement with the California Civil Rights Department over gender discrimination claims. The settlement, which is pending court approval, will provide relief to women who faced discrimination from October 2015 to December 2020. This follows a previous $18 million settlement with the EEOC and comes after Microsoft's $69 billion acquisition of Activision Blizzard, which was approved after Microsoft agreed to sell some game streaming rights to Ubisoft to address competition concerns.
December 16, 2023 | 5:10 am
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POSITIVE IMPACT
Activision Blizzard's settlement of the gender discrimination case for $55M closes a chapter of legal issues, potentially stabilizing the company's reputation post-acquisition by Microsoft.
The settlement may have a positive impact on Activision Blizzard's stock as it resolves a significant legal issue, potentially restoring investor confidence and improving the company's image. The relevance and importance are high due to Activision Blizzard being the direct party to the settlement.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Microsoft's acquisition of Activision Blizzard, which has settled a gender discrimination case for $55M, may reflect positively on Microsoft's commitment to corporate responsibility and inclusivity.
The settlement of the discrimination case removes a legal overhang for Microsoft's newly acquired subsidiary, potentially improving the public perception of Microsoft's corporate governance. However, the impact on the stock price may be limited as the settlement amount is relatively small compared to Microsoft's overall financials.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80