Activision Blizzard Ordered To Pay $23.4M For Patent Infringement
Portfolio Pulse from Franca Quarneti
A jury ruled that Microsoft Corp.'s Activision Blizzard must pay $23.4 million to tech incubator Acceleration Bay for patent infringement related to networking and broadcasting in multiplayer games, including World of Warcraft and two Call of Duty titles. The lawsuit, initiated in 2015, concluded on May 3. The case was overseen by the U.S. District Court for the District of Delaware. Acceleration Bay has pursued similar lawsuits against other companies, including Electronic Arts Inc, Take-Two Interactive Software Inc, and Amazon Web Services.
May 07, 2024 | 8:44 pm
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Electronic Arts Inc is mentioned as having faced similar patent infringement suits from Acceleration Bay, which could indicate potential legal risks.
The mention of Electronic Arts Inc in the context of facing similar lawsuits suggests a potential risk of financial penalties and negative publicity, which could adversely affect its stock price in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Microsoft's Activision Blizzard is ordered to pay $23.4 million for patent infringement, impacting its financials and potentially its stock price.
The financial penalty and the negative publicity from the lawsuit could lead to a short-term negative impact on Microsoft's stock price, especially considering the high profile of the involved games.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Take-Two Interactive Software Inc is also targeted by Acceleration Bay for patent infringement, hinting at possible legal challenges ahead.
Similar to EA, Take-Two's mention as a target for patent infringement lawsuits by Acceleration Bay raises concerns about potential legal liabilities and their impact on the company's financials and stock performance.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50