Report: Activision may have paid 'tens of millions' to West, Zampella
Financial analyst Doug Creutz of Cowen and Company posits that the settlement was worth "tens of millions," Gamespot reports. Considering Activision paid out $42 million to the Infinity Ward Employee Group as part of a separate lawsuit, and West and Zampella were seeking $1 billion when the case reached its bitter peak, this ballpark figure checks out.
Activision will report earnings on Thursday, August 2, and Creutz says he expects investors will ignore the impact of the settlement on Activision's bottom line.
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Source: http://www.joystiq.com/2012/07/30/report-activision-may-have-paid-tens-of-millions-to-west-zam/#comments
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Comments
SmurfsPosted:
SirJtagMazda3 I don't understand how they can throw money around like that
Cause its just pocket change to them.
Yeah. I wish it was just pocket change for me :)
SirJtagPosted:
Mazda3 I don't understand how they can throw money around like that
Cause its just pocket change to them.
SovietRussiaPosted:
Mazda3 I don't understand how they can throw money around like that
They have LOTS of it to throw around. They are a multibillion dollar company.
FrogPosted:
MoDOT Someone has money to blow seriously all that for a case and you can not buy real security, better graphics? NEW SH*T way to show you just do not care.
Why do Micrososft really need better security? They updated just last month!!
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