Activision, a shareholder sues after the acquisition by Microsoft

When, now a month ago, Microsoft completed the acquisition of Activision Blizzard, a lot of controversy has arisen. Specifically, they concerned the legality or otherwise of this action by Microsoft. Many have, in fact, shouted at the scandal and antitrust violations by the American company. The whole thing then triggered a chain reaction with which also Sony acquired some studies such as Bungie not to lose ground against the American rival.

Therefore, a shareholder of Activision Blizzard, Kyle Watson, filed a lawsuit against the company and its board of directors in California. The reasons for the legal action are the alleged violations of the Securities Exchange Act in the plan proposed for sale a Microsoft. The lawsuit instigates the doubt of a conflict of interest. The shareholder adds that the deal is not in the best interest of Activision Blizzardthe same Watson or the shareholders of the company and that only the officers and directors of the software house will benefit from it.

Furthermore, in the deposition, Watson’s attorney accuses the company of violating theExchange Act. According to the shareholder’s lawyers, the file SEC (Security and Excange Commission) of February 18 it would in fact presumably be misleading and incomplete. The legal action also highlighted that there would be no details on the committee that managed the company’s sales process a Microsoft.

Microsoft Activision

Watson asks the court that the company be forced to make a new preliminary statement to the SEC. In it, Activision it must include more details without misleading statements and, in the event that its action is successful, Watson will seek damages. A spokesperson for the software house commented on the lawsuit in an interview for Polygon. The company’s position is total disagreement with the allegations and the spokesman says he is willing to give his arguments in court.

If you are a fan of FPS, Activision has also released Call of Duty Vanguard. You can find it on Amazon