Two other lawsuits have been filed against Activision-Blizzard.
More than a month after the announcement of the acquisition, doubts about Activision Blizzard they have multiplied and it seems that many shareholders are having generally negative views in this regard: this is the case with Kyle WatsonCalifornia, and of Shiva Stein in New York.
The first of the lawsuits found that the acquisition by Microsoft is “unfair for several reasons“, one of which would like Activision’s board to be looking to”obtain significant and immediate benefits“, and that the agreement is not”in the best interest“of Activision Blizzard (as stated, however, by Microsoft) or in that of Watson and the other shareholders.
Furthermore, Watson would not have been given adequate information by the company to allow him to do “an intelligent, informed and rational decision regarding the possibility of voting in favor of the proposed transaction“, to which Activision responded saying it will present the arguments in court.
The second cause is very similar to Watson’s and comes from Shiva Stein, “one of the most ‘prolific’ plaintiffs in the United States“with already”124 cases filed from 2018 to 2020“, half of which raised voluntarily.
There are still no details on when the parties will meet in court.
Source: Eurogamer.net
#ActivisionBlizzard #denounced #majority #shareholders
