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
4 comments
Filed under:
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.