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Monday, April 24, 2023

NetEase Is Suing Blizzard Entertainment for CN¥300 Million

A really quick note about an ongoing situation that escalated to the Chinese legal system. NetEase is suing Blizzard Entertainment for a reported CN¥300 million, or USD$43 million. The original news site, Sina Finance, reported that NetEase paid refunds to 1.12 million players due to Blizzard pulling the games from NetEase's control in the People's Republic.

The lawsuit is seeking redress of additional damages, such as refunds for deposits the game company made to secure the rights to several games the American game studio never released and compensation for unsold merchandise. 

At this time, I'm interested in the effect the lawsuit will have on the upcoming sale of Activision-Blizzard-King to Microsoft. I'm pretty sure that with the billions Microsoft is willing to pay for ABK, and additional $43 million settlement is money the American tech giant can find somewhere in the couch pillows.

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