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SEC Probe Investigates Activision, Acclaim

Posted by simoniker on from the scary-men-take-away-earnings-and-liberty? dept.

Thanks to Yahoo! for passing on a brief press release from Activision and a similar release from Acclaim indicating they are "..part of a formal probe by the U.S. Securities and Exchange Commission into video game industry accounting practices." According to a separate Forbes article, Acclaim "..said the formal, non-public inquiry is entitled 'In the Matter of Certain Video Game Manufacturers'", meaning that other games publishers may also be under investigation - we'll update if any other publishers make similar announcements. Update: 07/18 23:59 GMT by S : According to this Reuters article, THQ is also involved in the inquiry, and analysts suggest an "..industrywide investigation would represent an unusually wide scope for a regulatory probe."

3 of 21 comments (clear)

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