Activision shareholders reach $250 million settlement over Microsoft buyout
Activision Blizzard shareholders have reached a $250 million settlement regarding allegations that executives rushed the Microsoft acquisition to secure personal benefits. The settlement, which must be approved by a Delaware judge, will be funded by Microsoft and insurance providers.
Why it matters
This resolution marks the end of significant legal friction surrounding one of the largest acquisitions in the history of the video game industry.
Shareholders of Activision Blizzard reached a $250 million settlement over allegations that the company’s former executives and Microsoft shortchanged them when Microsoft acquired the game maker for $75.4 billion in 2023, according to a late Thursday court filing in a Delaware state court.
The article reports on court filings and legal proceedings without taking a side, presenting both the shareholders' accusations and the defendants' denials.
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