Investors Sue Activision Over Activision-Blizzard Merger

Posted 28th Feb 2008 01:51 PM by Leord

An investment group has sued Activision over its impending merger with Vivendi, alleging that the company directors failed to obtain the best deal.

Vivendi, based in Paris, agreed in December to buy a controlling stake in Activision to create the world’s biggest video-game company. The combined company, called Activision Blizzard, will be 52 percent-owned by Vivendi.

The deal will relegate shareholders of Santa Monica, Calif.-based Activision to an “unfavorable minority position,” the Wayne County Employees’ Retirement System said Feb. 8 in a complaint in Delaware Chancery Court in Wilmington. 

Source: DelaWareOnline.com




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lothaer
Posted 28, Feb 2008 04:30 PM
(0)
 

fire them all people are just having a *****.

Reply
 
lothaer
Posted 28, Feb 2008 04:30 PM
(0)
 

fire them all people are just having a *****.

Reply
 
lothaer
Posted 28, Feb 2008 04:30 PM
(0)
 

fire them all people are just having a *****.

Reply
 
WatcherZero
Posted 28, Feb 2008 05:24 PM
(0)
 

So their complaining they will have only 0.5% of the company instead of 1%? how much influence did they have before.

Reply
 
WatcherZero
Posted 28, Feb 2008 05:24 PM
(0)
 

So their complaining they will have only 0.5% of the company instead of 1%? how much influence did they have before.

Reply
 
WatcherZero
Posted 28, Feb 2008 05:24 PM
(0)
 

So their complaining they will have only 0.5% of the company instead of 1%? how much influence did they have before.

Reply
 
mesonm
Posted 28, Feb 2008 07:56 PM
(0)
 
[QUOTE=WatcherZero;4100718]So their complaining they will have only 0.5% of the company instead of 1%? how much influence did they have before.

More likely, that is a way to stay away from a more direct “we want more money” argument.

In the very unlikely event that they win (since my guess is that the merger would have had to be approved by a majority of shareholders to begin with), the only likely possible remedy would be money….

Reply
 
mesonm
Posted 28, Feb 2008 07:56 PM
(0)
 
[QUOTE=WatcherZero;4100718]So their complaining they will have only 0.5% of the company instead of 1%? how much influence did they have before.

More likely, that is a way to stay away from a more direct “we want more money” argument.

In the very unlikely event that they win (since my guess is that the merger would have had to be approved by a majority of shareholders to begin with), the only likely possible remedy would be money….

Reply
 
mesonm
Posted 28, Feb 2008 07:56 PM
(0)
 
[QUOTE=WatcherZero;4100718]So their complaining they will have only 0.5% of the company instead of 1%? how much influence did they have before.

More likely, that is a way to stay away from a more direct “we want more money” argument.

In the very unlikely event that they win (since my guess is that the merger would have had to be approved by a majority of shareholders to begin with), the only likely possible remedy would be money….

Reply
 
foxpur
Posted 29, Feb 2008 10:59 AM
(0)
 

WatcherZero, the answer could be the difference of 100,000 vs 1,000,000 per owning value.  This could affect a value of a entire saving.

Reply
 
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