Microsoft’s acquisition of Activision Blizzard appears to have been well received and even expected by all of the publisher’s shareholders, but there is clearly someone who doesn’t think that way and has decided that Take legal action against the publisher to prevent purchase.
This is Kyle Watson, who gave his attorney a power of attorney to take action Against Activision Blizzardaccusing the board of directors of only accepting the acquisition of self gain. According to Watson, the acquisition would not have been decided “in the interest of the whole company,” but would be chosen by board members “to ensure significant benefits.”
Indeed, the “golden parachute” that CEO Bobby Kotik had prepared for the possibility of having to relinquish the leadership role of Activision Blizzard after the company, which is worth about $15 million, could indict Watson, although there are many criteria Other advise.
On the other hand, Most shareholders agree With the purchase, given the greater economic and administrative stability that could stem from the Microsoft acquisition, considering that at the moment Activision Blizzard is not navigating well and is not well managed.
The publisher formally responded to the accusation in complete dissent: “We deny all allegations and are eager to present our defense in court,” he added. He answered the advice. On the other hand, the accusation came before 1 contributor from a big company Likely to be destroyed. In any case, we remind you that the acquisition is being analyzed by the FTC in the United States.
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