Activision Currently Under Investigation for Fraud Following Bungie Split

Bungie has picked up the full rights to Destiny in the wake of reporting their exceptionally public split with Activision, things are proceeding to look somewhat grimmer for the huge name organization. Initially, Activision’s stock took a quite steep jump following the separation, presently they are right now being investigated for fraud.

As indicated by an ongoing report from Market Watch, another examination has kicked off concerning suspected unlawful business rehearses and different kinds of misrepresentation inside their day by day tasks. The report was set up just as a caution to investors and is an official disclosure on behalf of the investors of Activision Blizzard.

The examination is being driven by Pomerantz LLP, a firm that is one of the head names with a specialization in corporate usefulness, securities, and antitrust class prosecution.

There’s a great deal of speculation with respect to the explanation for the unexpected split from Bungie following a 10-year contract, yet the two organizations offered up their very own announcements prior this week:

“When we first launched our partnership with Activision in 2010, the gaming industry was in a pretty different place. As an independent studio setting out to build a brand new experience, we wanted a partner willing to take a big leap of faith with us. We had a vision for Destiny that we believed in, but to launch a game of that magnitude, we needed the support of an established publishing partner,” reads Bungie’s full statement.

“With Activision, we created something special. To date, Destiny has delivered a combination of over 50 million games and expansions to players all around the world. More importantly, we’ve also witnessed a remarkable community – tens of millions of Guardians strong – rise up and embrace Destiny, to play together, to make and share memories, and even to do truly great things that reach far beyond the game we share, to deliver a positive impact on people’s everyday lives.”

In spite of the fact that they referenced they “enjoyed” their 8-year keep running with Activision, Bungie is prepared to have the Destiny name completely in their grip afresh. The group additionally declared that gets ready for the separation are as of now under way and that the two groups are devoted to ensuring the fans aren’t harmed by the transitional procedure.

Activision presently released their own announcement saying:

“Today we’re announcing plans for Bungie to assume full publishing rights and responsibilities for the Destiny franchise,” reads their official statement. “Going forward, Bungie will own and develop the franchise, and Activision will increase its focus on owned IP and other projects. Activision and Bungie are committed to a seamless transition for the Destiny franchise and will continue to work closely together during the transition on behalf of the community of Destiny players around the world.”

What this implies for the future, nobody knows yet. However, with mounting worries of Activision’s impact over Blizzard, something unusual is going on and it needs to be addressed before it’s too late.