Activision investor sues over Vivendi merger
Since Vivendi comes out on top in the merger -- with 52% majority ownership of Activision -- the Wayne County Employees' Retirement System believes Activision didn't think of the stockholders when accepting the deal, which it claims otherwise could have proven more lucrative. No further details of the lawsuit are known at this time. The Activision Blizzard merger is scheduled to occur sometime in the first half of this year.
[Via Next-Gen]
Reader Comments (Page 1 of 1)
Blazur @ Feb 27th 2008 10:09AM
Those people will fail miserably with epic proportions. Vivendi does not mess around when it comes to legality. That retirement home is just wasting their time and money...
NATO_Duke @ Feb 27th 2008 11:09AM
Dont be so quick on the issue. If I remember correctly, they can sue for breach of the duty of care against Activision. Vivendi is not the one who has control over such a suit. (The "Revlon" case might have been the one that covered such a claim)
zelderman @ Feb 27th 2008 10:13AM
Do you think we could go a week without one company NOT trying to sue the hell out of another company? No, ok. Well play nice children.
Rask @ Feb 27th 2008 10:57AM
Isn't this the same group that's sueing Yahoo for rejecting the MS bid?
After a quick Google, yes, they are..
http://www.techcrunch.com/2008/02/22/yahoo-sued-again-over-microsoft-rebuff/
Yubastard @ Feb 27th 2008 11:21AM
damn! :)
Dale @ Feb 27th 2008 1:26PM
I'm surprised there are any toys left in the pram to throw out.
Estebo @ Feb 27th 2008 11:39AM
Its their stock, they should choose when they get to use it. Thats why they called J.G. Wentworth!
NATO_Duke @ Feb 27th 2008 12:24PM
IT'S MY MONEY AND I WANT IT NOW!!!
ThornedVenom (Patapornographer) @ Feb 27th 2008 12:36PM
"...NEED* it now"
And damn those ads are SO FREAKIN ANNOYING.
NATO_Duke @ Feb 27th 2008 12:45PM
Oh yeah, thanks for the correction.
ThornedVenom (Patapornographer) @ Feb 27th 2008 12:36PM
Something tells me that the investor in question has bigger stocks at EA's.
Emophia @ Feb 29th 2008 4:14PM
EMOPHIABOOKMARK
Emophia @ Feb 29th 2008 4:15PM
Phiamark
Im just testing this dont mind me.