According to Dexerto, citing Bloomberg Law, Microsoft has agreed to pay $250 million to settle a shareholder lawsuit tied to its $75.4 billion Activision Blizzard acquisition. The case, filed by Swedish pension fund AP7, claimed Activision shareholders were shortchanged because the company was sold while its stock price was under pressure from misconduct allegations.
The lawsuit argued that former Activision Blizzard CEO Bobby Kotick and the board rushed the deal to protect themselves from the fallout, while the court had previously rejected claims that Microsoft colluded to lower the deal price. Neither side admitted wrongdoing, and the settlement still needs court approval before affected shareholders receive payment.
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The lawsuit argued that former Activision Blizzard CEO Bobby Kotick and the board rushed the deal to protect themselves from the fallout, while the court had previously rejected claims that Microsoft colluded to lower the deal price. Neither side admitted wrongdoing, and the settlement still needs court approval before affected shareholders receive payment.
Do you think the Activision Blizzard deal changed the gaming industry for better or worse? Follow Game News Plus for more, and share this with someone following the Microsoft-Activision story.
#Microsoft #Activision
(Feed generated with FetchRSS)
