Posts Tagged ‘GameNews’

Activision CEO Bobby Kotick was nearly fired last year during Activision’s multibillion dollar share buyback from parent company Vivendi, according to court filings.

In October 2013, Activision acquired approximately 429 million company shares from Vivendi for about $ 5.83 billion, and a separate investment group led by Kotick and Activision chairman Brian Kelly purchased 172 million shares from Vivendi for $ 2.34 billion.

Court filings obtained by Bloomberg reveal that Vivendi was ready to fire Kotick over his refusal to approve any sale of Vivendi’s shares that didn’t include his investment group.

“I really wonder who’s going to fire him,” Vivendi’s CEO at the time Jean-Francois Dubos asked in an email. “Myself, happily. Tomorrow if you want,” Vivendi’s then chief financial officer and Activision chairman replied.

Kotick and Kelly will have to face investor claims that their investment group, which also includes Chinese game publisher Tencent, wrongfully benefited from buying 25 percent of Vivendi’s Activision shares at the same discount offered to Activision.

“Activision’s board of directors supports the ongoing leadership of the company by Bobby Kotick and Brian Kelly, who are the most effective executives in the interactive entertainment industry,” Activision spokeswoman Maryanne Lataif told GameSpot in a statement. “The recent transaction restructuring the company’s ownership has received widespread market support.”

Emanuel Maiberg is a freelance writer. You can follow him on Twitter @emanuelmaiberg and Google+.

Got a news tip or want to contact us directly? Email news@gamespot.com

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Ubisoft’s open-world racing game The Crew will launch its PC closed beta tomorrow, the company has announced.

In addition to launching just a couple of days earlier than originally planned, Ubisoft also revealed what players will be able to test drive during the beta. If you’ve been keeping up with our previous coverage of The Crew, you know the game features a giant, open-world map that allows you to drive from coast to coast of the United States. The closed beta will allow you to free roam the entire map, but only has missions and skill challenges for the Midwest, and skill challenges for the East Coast. You’ll also be able to race other players in the East Coast and Midwest.

Different terrains will require different car specs, and the closed beta will allow you to customize The Street Spec, which you’ll get in Detroit, and The Dirt Spec, which you’ll get in New York. Ubisoft also said that you’ll get a glimpse of the Perf, Raid, and Circuit specs.

The PC closed beta will run from July 21 to July 25. You can sign up for the beta on Ubisoft’s website. The Crew is scheduled for release on Xbox One, PlayStation 4, and PC on November 11. GameSpot’s own Carolyn Petit recently took a trip from Detroit to Miami in The Crew, so be sure to check out her preview for more on the game.

Emanuel Maiberg is a freelance writer. You can follow him on Twitter @emanuelmaiberg and Google+.

Got a news tip or want to contact us directly? Email news@gamespot.com

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This week we get Dark Souls II: Crown of the Sunken King, The Walking Dead: Season Two – Episode 4: Amid The Ruins, Gods Will be Watching, Wii U Sports Club and Oddworld: New ‘n’ Tasty!
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