Gaming Bolt
Published
·
Microsoft Reaches $250 Million Settlement in Lawsuit With Activision Blizzard Shareholders
Microsoft has settled a shareholder lawsuit related to its acquisition of Activision Blizzard for $250 million. The lawsuit, led by the Sjunde-AP-Fonden fund, accused former Activision Blizzard executives, including CEO Bobby Kotick, of breaching fiduciary duties by agreeing to the acquisition price. Both Microsoft and Kotick deny the allegations, with the settlement aimed at avoiding litigation distractions. The acquisition was finalized in October 2023, bringing Activision Blizzard into the Xbox family.
▸ entities in this article