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Activision Blizzard Accused of Misleading Investors
Activision Blizzard Accused of Misleading Investors
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A labor union working to organize employees at one of Activision Blizzard’s subsidiaries is accusing the video game publisher of making “inaccurate and misleading” claims to investors in a letter to the SEC. The letter comes one day after Activision declined to voluntarily recognize the union.
Here’s what else we’re reading in the news:
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- Ultra luxury car Cizeta, which collapsed in the 1990s, makes an improbable bid for a return.
- Warner Music Group launches a music-themed land in virtual game platform The Sandbox.
The labor union leading the push to unionize workers at Activision Blizzard has called on the Securities and Exchange Commission to investigate the Santa Monica video game publisher for making “inaccurate and misleading disclosures” to investors.
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The Santa Monica-based fleet electrification company has sold a majority stake in its business to Swiss robotics giant ABB.The startup has a four-year goal to hire hundreds of field technicians to support and service its charging systems across the country.
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NVISIONx unveiled a $4.6 million seed funding round Thursday to help it grow at a time when ransomware and government privacy concerns are on the rise.
The new fund is devoted to early-stage business-to-business startups, with a focus on digital infrastructure. L.A.-based partner Dom Perri joined the LA Venture podcast to talk about the new fund, and offer insights from his career in corporate and business development.