Shareholders sued Activision Blizzard over its sale to Microsoft

Activision Blizzard He was sued for being sold to Microsoft. as collected polygonalDuring this week, they presented Two legal procedures against the company because of shopping which was announced in January of this year.

The first claim was submitted by Kyle Watsona shareholder of Activision Blizzard, who filed a lawsuit against the company in California court.

Overall, Watson claims that Microsoft’s planned acquisition of Activision will be ‘Unfair for several reasons’ He noted in particular that the company’s board of directors tried to “get themselves and senior management […] Significant and immediate benefits.

In this sense, the lawsuit says that a potential purchase of Activision Blizzard by Microsoft would not be in the “best interest” of the company, Watson and the rest of its shareholders and even asserts that information provided by Activision Blizzard to a commission will be based on the US stock exchange.

Activision Blizzard responded to Watson’s suit with a statement to Polygon in which a company spokesperson said: “We do not agree with the allegations in this complaint and look forward to presenting our arguments to the court.”

However, this would only be the beginning of this legal conspiracy because after Kyle Watson’s lawsuit, contributor Shiva Stein sued Activision Blizzard and its board of directors last Friday.

That lawsuit is similar to Watson’s and also claims that Activision Blizzard expects its shareholders to make a decision based on incomplete information.

It’s not clear at the moment how these cases will be resolved, but keep in mind that Microsoft’s acquisition of Activision Blizzard has already removed some of its early hurdles.