Turns out not everybody's happy with the recently-announced formation of super-company Activision Blizzard. One particular investor group is suing Activision, claiming that the merger will leave its shareholders in an "unfavorable minority position."
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 (13)
Posted: Feb 27th 2008 10:09AM (Unverified) said
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...
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Posted: Feb 27th 2008 10:13AM (Unverified) said
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.
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Posted: Feb 27th 2008 10:57AM Rask said
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/
Reply
After a quick Google, yes, they are..
http://www.techcrunch.com/2008/02/22/yahoo-sued-again-over-microsoft-rebuff/
Posted: Feb 27th 2008 11:39AM (Unverified) said
Its their stock, they should choose when they get to use it. Thats why they called J.G. Wentworth!
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Posted: Feb 27th 2008 12:36PM ThornedVenom said
"...NEED* it now"
And damn those ads are SO FREAKIN ANNOYING.
Reply
And damn those ads are SO FREAKIN ANNOYING.
Posted: Feb 27th 2008 12:36PM ThornedVenom said
Something tells me that the investor in question has bigger stocks at EA's.
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