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
GLOCK-PERFECTIONPosted:
Remember kids get into Programming and hope ur company try a stunt like this lol
AlbericiPosted:
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.
SovietRussiaPosted:
Reporter Wow, I wonder if this will impact the company in anyway?
It might a little, there is a reason why they were trying to keep it a secret.
SovietRussiaPosted:
KexFrogAmp_ I had no idea about a lawsuit.
1 billion is great though.
How have so many people not heard about it?
I followed it xD
It started so long ago!
How long ago? Because i heard absolutely nothing about a lawsuit.
I guess thats why they wanted to keep it secret. It would keep people from doubting them etc :D. Because tbh ive never even heard of the lawsuit.
MawderzPosted:
FrogAmp_ I had no idea about a lawsuit.
1 billion is great though.
How have so many people not heard about it?
I followed it xD
It started so long ago!
How long ago? Because i heard absolutely nothing about a lawsuit.
FrogPosted:
Amp_ I had no idea about a lawsuit.
1 billion is great though.
How have so many people not heard about it?
I followed it xD
It started so long ago!
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