News
Investors Sue Activision Over Activision-Blizzard Merger
28th Feb 2008 01:51 PM GMT | Leord | 4 comments
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.
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
Comments
147 days ago
fire them all people are just having a *****.
147 days ago
So their complaining they will have only 0.5% of the company instead of 1%? how much influence did they have before.
146 days ago
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....
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....
146 days ago
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.
