Update: IGN has learned that Kotick's future at Activision Blizzard after an Xbox acquisition is still officially unconfirmed.

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Microsoft has announced their intention to acquire Activision Blizzard King in a deal that values the monolithic publisher at $68.7 billion. This, Microsoft states, will help to ‘provide building blocks for the metaverse’, and is expected to be approved by regulators in FY23, which runs from July 2022 to end of June 2023 for Microsoft. Activision Blizzard is the third largest video games company in how much revenue they draw in, behind only Sony and Tencent, thanks to their vastly popular and successful franchises like Call of Duty, Candy Crush and Warcraft, Diablo and Overwatch. They also have a sizeable position in esports, thanks to owning Major League Gaming, which hosts popular Call of Duty and Overwatch competitions. This leaves massive questions over what the future of video games looks like. With Microsoft’s acquisition of Bethesda for $7.5 billion in early 2021, ones of the biggest concerns was that all of Bethesda’s future games would become Xbox exclusives, a fear that turned out to be warranted. However, nothing that Bethesda produces has the reach and pervasiveness of Call of Duty or Candy Crush – not even Skyrim. Will Microsoft be content to keep the next Call of Duty game as a cross-platform release? Will COD Warzone remain on PlayStation while Modern Warfare 2 becomes an Xbox exclusive? We simply do not know right now, but this is a huge deal. Activision Blizzard comes with a significant stigma right now. The company is embattled on multiple fronts with lawsuits and government investigations into the workplace culture, as well as employees who are striking while also preparing to unionise. This has drawn stern criticism from the leaders of Xbox, PlayStation and Nintendo, so with that in mind, Microsoft acquiring the company could be a huge step forward in cleansing it of its unsavoury whiff. That certainly seems to be the implication. While the deal works its way through anti-trust regulators, Bobby Kotick will remain as CEO of Activision Blizzard. However, “Once the deal closes, the Activision Blizzard business will report to Phil Spencer, CEO, Microsoft Gaming.” This certainly implies that the man who allegedly knew of the allegations running through his company for years will be hanging around for the transition period and then sail off into the sunset. Just last week, Spencer said that he doesn’t believe it’s his job “to punish other companies” like Activision Blizzard for such misdeeds, though now that Activision will be part of his company, he needs to ensure that they are squeaky clean. In the here and now, Spencer said, “Players everywhere love Activision Blizzard games, and we believe the creative teams have their best work in front of them. Together we will build a future where people can play the games they want, virtually anywhere they want.” “For more than 30 years our incredibly talented teams have created some of the most successful games,” Kotick said. “The combination of Activision Blizzard’s world-class talent and extraordinary franchises with Microsoft’s technology, distribution, access to talent, ambitious vision and shared commitment to gaming and inclusion will help ensure our continued success in an increasingly competitive industry.” Considering the size of this deal, you can expect that it will draw much greater scrutiny from legislative bodies over the next few months. While the Bethesda purchase was waved through, this is much more significant and will have a higher barrier for success. Source: Microsoft

Microsoft has agreed to acquire publisher Activision Blizzard, the technology giant has announced. The deal is valued at $68.7bn (~£50.5bn), according to a report by Reuters. RELATED: Blizzard President J. Allen Brack steps down Microsoft has announced that both entities will continue to operate independently until the transaction closes. A company-wide email posted on the Activision […]

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BMO me up, Tony.

At the time of writing, Rematic hasn't been able recovered the stolen funds, however, the U.S. authorities have been notified of the attack. Nevertheless, the company's CEO, Mike Pazuki, announced that several new measures have been put in place to tighten security and avoid future incidents like this.

How It Happened

Last year, Rematic announced it would host an AMA Session in early January. The event represented an excellent chance for the project to solidify its trust and transparency. Also, it would give investors a sneak peek into the platform's development status, budgetary updates, and how their voting service will work.

The AMA Session kicked off on January 2 with overwhelming community support. Unfortunately, it also brought some unwanted attention as the unidentified scammers saw an up and coming project as an opportunity to defraud them.

Rematic CEO commented on the incident:

"RMTX was scammed out of 20 Trillion RMTX, which was valued at $300k at the time this happened. This was done through a reverted transaction of over 7 BTC during the transfer of RMTX to and the supposed investors." 

Allegedly, a group of so-called investors expressed their interest in RMTX tokens. They provided verifiable LinkedIn accounts and credentials, appearing as reliable, well-intended investors. Therefore, the core team did not have a reason to suspect any malicious actions.

The well-planned scam played out over several days after the initial contact. During this period, both parties engaged in several conversations about the company, future objectives, various investment options. After an agreement was struck, the two parties conducted small transactions involving negligible amounts to confirm wallets. After that was completed, the imposters sent over 7 BTC in exchange for 20 trillion $RMTX. During the large transfer, the scammers reverted the BTC deposit. They then quickly liquidated the received RMTX, thus allowing them to keep their 7 BTC and cashing in on selling all of the RMTX they just received.

After notifying the authorities, Rematic immediately informed its community about the incident, sticking to the team's mantra, "Transparency Above All Else."

This is not the first time an up-and-coming project has fallen victim to this kind of crypto scam. There are at least two other communities victimized by the same attack, however, Rematic has been hit the hardest so far. 

How Rematic Tokens LLC is Rectifying the Incident

The ongoing issues could taint Rematic's credibility with the public. Nevertheless, the platform is working to regain its members' trust. Also, the team expressed their gratitude to the community, which is continually offering its support publicly through multiple AMA sessions. 

The core team encouraged users to express their opinions on the issue freely and openly called for stricter security measures:

"While other tokens were scammed for smaller amounts, they have not yet been able to recover from this as RMTX has. We credit this to our amazing community, which has rallied around this incident, and because of their support, we are stronger than ever before. We are extremely fortunate to have a community like this." – CEO, Mike Pazuki

Now, Rematic is working with attorneys and accounting professionals to implement better policies and practices in regard to organizational financial management. This will ensure the project remains true to its mission of making the crypto space better and safer for everyone.

About Rematic Tokens LLC

The $RMTX token reflects EGC on the Binance Smart Chain allowing users to hold $RMTX to earn $EGC. On top of that, having $EGC will enable you to earn $BUSD.

The project launched on December 3, 2021, and has grown steadily since its debut. During the token launch, it garnered 1000 BNB in less than 3 hours, further proving its impressive potential. Currently, the team believes that $RMTX is still just in its infancy with some much potential for growth. Its community now has over 5000 members and growing by several hundred per day. With the decentralized blockchain-based voting platform due for release towards the end of Q2 2022, the best is yet to come for this new project.

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