Activision Blizzard Being Sued

Activision Blizzard Being Sued

A new lawsuit against Activision Blizzard claims that the company is acting against the shareholder’s interests.

The lawsuit appeared recently in a SEC filing, and involves the company’s head company Vivendi looking to cut off the deal involving Activision Blizzard buying off Vivendi’s stock.

This move by the company was apparently against the shareholder's wants, causing a shareholder to take legal action.

The original deal involves Blizzard spending 5.83 billion dollars to purchase around 429 million shares from Vivendi.

Activision Blizzard is also the world’s second largest gaming company and is responsible for many different games including World of Warcraft and Starcraft II.

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