A Swedish state-run pension fund sued Activision Blizzard Inc. and Microsoft Corp., claiming their planned $69 billion merger was rigged to exploit the beleaguered gaming giant’s sexual harassment crisis and protect its CEO.
combined with Microsoft, we will be even better positioned to create great value for our players, even greater opportunities for our employees, and to continue our focus on becoming an inspiring example of a welcoming, respectful, and inclusive workplace," Activision Blizzard CEO Bobby Kotick ...
Kotick, 60, is remarkably sanguine for a CEO fighting battles on multiple fronts. He’s in a similar predicament to the one that AT&T and Time Warner were five years ago, as he’s spent the past 18 months (and counting) lobbying regulators to approve the sale of Activision...
AnActivision Blizzardspokesperson said in a statement that, “We disagree with the allegations made in this complaint and look forward to presenting our arguments to the Court.” Shareholder lawsuits challenging proposed acquisitions and mergers are par for the course, but the lawsui...
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Microsoft isproposing to acquire Activision Blizzard for $68.7 billion, its biggest ever buyout and the largest acquisition in gaming history by a wide margin. The sale, should it go through, would "no doubt" have a material effect on Sony's position in the video game market, accor...
ACTIVISION BLIZZARD SHAREHOLDERS APPROVE PROPOSED $68.7B SALE TO MICROSOFT More than seven months afterMicrosoft announced the deal, only Saudi Arabia has announced its approval. In the United Kingdom, regulators on Thursday threatened to escalate their investigation unless both companies come up with ...
Microsoft’s $68.7 billion acquisition of Activision Blizzard cleared a hurdle Thursday as Activision shareholders approved the deal, with more than 98% of votes in favor. Some activist investors had urged voting “no.” The deal, which would be the largest acquisition in Microsoft’s history, ...
The $68.7 billion deal between Microsoft and video game maker Activision Blizzard is encountering obstacles due to its rejection by British regulators and the efforts of U.S. authorities to prevent its completion. The European Commission has required Microsoft to license popular Activision Blizzard game...
As of right now, Microsoft's deal to buy Activision Blizzard has not been fully approved. The buyoutmust face regulatory scrutiny, experts say, though it is ultimately expected to be approved.If that does happen, Microsoft will own Activision Blizzard and all of its studios...