Microsoft to pay $250M to settle lawsuit filed by aggrieved Activision Blizzard shareholders
Microsoft has agreed to pay $250 million to settle a lawsuit filed by Swedish pension fund Sjunde AP-Fonden (AP7) concerning its $68.7 billion acquisition of Activision Blizzard. The lawsuit alleged that former Activision Blizzard CEO Bobby Kotick rushed the sale to avoid consequences of sexual harassment allegations. Microsoft stated it is settling to avoid litigation burdens and does not substantiate the claims of systemic misconduct.
- Entities
- Person: Bobby Kotick
- Company: Microsoft
- Topic: Lawsuits
- Company: Activision Blizzard
- Topic: Mergers and Acquisitions
- Game: Call of Duty
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