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Shareholders of Activision Blizzard reached a $250 million settlement over allegations that the company's former executives and Microsoft shortchanged them.
Activision Blizzard shareholders reached a $250 million settlement over Microsoft acquisition allegations.
KEY POINTS
- The lawsuit accused executives, including Bobby Kotick, of breaching fiduciary duties in the Microsoft deal.
- Shareholders claimed Kotick accepted a $95 per share price to secure his job and $400 million benefits.
- Settlement also resolves counterclaims brought by Microsoft and Kotick against lead shareholder Sjunde AP-Fonden.
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