Activision, a shareholder sues after the acquisition by Microsoft

Activision, a shareholder sues after the acquisition by Microsoft


When Microsoft completed the acquisition of Activision Blizzard a month ago, a lot of controversy arose. Specifically, they concerned the legality or otherwise of this action by Microsoft. Many have, in fact, cried out about the scandal and antitrust violations by the American company. All this then triggered a chain reaction with which Sony also acquired some studios such as Bungie in order not to lose ground against the American rival.

Therefore, an Activision Blizzard shareholder, Kyle Watson filed a lawsuit against the company and its board of directors in California. The reasons for the lawsuit are alleged violations of the Securities Exchange Act in the proposed plan for sale to Microsoft. The lawsuit instigates the doubt of a conflict of interest. The shareholder adds that the deal is not in the best interests of Activision Blizzard, Watson himself or the company's shareholders and that only the software house's officers and directors will benefit.

if (jQuery (" # crm_srl-th_gamedivision_d_mh2_1 "). is (": visible ")) {console.log (" Edinet ADV adding zone: tag crm_srl-th_gamedivision_d_mh2_1 slot id: th_gamedivision_d_mh2 "); } In addition, in the deposition, Watson's attorney accuses the company of violating the Exchange Act. According to the shareholder’s lawyers, the SEC (Security and Excange Commission) file of February 18 is allegedly misleading and incomplete. In the legal action it is also highlighted that there are no details on the committee that managed the process of selling the company to Microsoft.

Watson is demanding that the company be forced to make a new preliminary statement to the SEC. In it, Activision will have to include more details without misleading statements and, in the event that its action is successful, Watson will seek damages. A spokesperson for the software house commented on the lawsuit in an interview for Polygon. The position of the company is the total disagreement with the allegations made and the spokesman says he is willing to give his arguments in court.

If you are passionate about FPS, Activision has also distributed Call of Duty Vanguard. You can find it on Amazon

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