Activision facing lawsuit over Blizzard merger

Activision BlizzardActivision is facing a lawsuit from one of its various shareholders thanks to the merger of Vivendi and Activision a few months ago. The merger granted Vivendi fifty two percent of the shares in Activision, effectively granting control of the company to Vivendi. While the merger does make the Activision Blizzard combo larger than current champ EA, the shareholders of Activision are not pleased. They claim Activision received the bad end of the deal, and put its shareholders in a position where they did not receive the best deal with their stock.

"The merger, stock purchase and tender offer, working in concert, convey control of Activision to Vivendi but fail to offer the Activision stockholders an opportunity to realize a true control premium for their stock," one said.

How this will play out no one is sure, but let’s hope a peaceful solution can be found and that it doesn’t negatively effect the next Guitar Hero or World of Warcraft installments.

[Via DelwareOnline]


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Author: GamerNode Staff View all posts by

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