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Tag: Bobby Kotick

Activision Blizzard CEO Bobby Kotick leaving company – WholesGame

In a recent announcement, it was revealed that Activision Blizzard long-standing CEO, Bobby Kotick, will be resigning after over 30 years of employment with...

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Xbox Fans Want UK to Overturn Microsoft Activision Deal Block

Tempers continue to flare over U.K.’s blocking of the Microsoft Activision deal, with Xbox fans hoping that the British government will step in and...

UK regulators say Activision Blizzard should be broken up

Audio player loading… The UK's Competition and Markets Authority says that if Microsoft is serious about acquiring Activision Blizzard, there's one sure way to...

Bobby Kotick blasts UK over Microsoft deal, says regulators lack ‘independent thought’ and Britain risks becoming tech ‘Death Valley’

Audio player loading… Activision overlord Bobby Kotick took to the airwaves for the first time in a while recently, telling us what a wonderful...

Activision Blizzard Fined $35 Million For Lack of Workplace Misconduct Procedures

The US Securities and Exchange Commission (SEC) has fined publisher Activision Blizzard $35 million for failing to create a system that could address complaints...

Call of Duty for Everyone! (Even for Sony if they take it)

Xbox Boss Phil Spencer has made a tweet that turned the gaming world upside down. Here are all the details and what others had...

Microsoft and Activision Sued Over Planned Acquisition in Sweden

The Microsoft Activision deal is facing a legal challenge in Sweden where a state-run pension fund has sued both companies over the proposed merger....

FTC ‘likely’ to block Microsoft’s $69 billion purchase of Activision Blizzard

Entertainment 24/11/2022, 06:10 Timothy “Timaugustin” Augustin Image: Activision Microsoft’s takeover of Activision...

Activision Blizzard shareholders urged not to re-elect board members following “inexcusable passivity”

SOC Investment Group has written an open letter to Activision Blizzard shareholders, urging voters not to re-elect six board members, including CEO, Bobby Kotick. As...

Activision Blizzard Shareholder Sues Over Microsoft Buyout Deal

An Activision Blizzard shareholder is suing the company regarding the Call of Duty publisher's proposed sale to Microsoft for $68.7 billion. Shareholder Kyle Watson filed a lawsuit in California recently, with lawyers saying the proposal is "unfair for a number of reasons," according to Polygon.

Among the claims listed in Watson's lawsuit is that Activision Blizzard's board of directors is trying to obtain "significant and immediate benefits" with the proposed sale to Microsoft instead of considering what might be in the best interest of the company overall.

The lawsuit also claims that Activision Blizzard's statement filed with the Securities and Exchange Commission on February 18 is "materially misleading and incomplete." It further claims that the Activision Blizzard board "failed to create an independent committee composed of disinterested directors to run the sales process."

The February 18 statement laid out a very specific timeline of how the deal went down and contained many revelations, including how multiple other companies tried to buy Activision Blizzard and that CEO Bobby Kotick is reportedly set to receive a "golden parachute" payout.

The statement goes on to say that Activision Blizzard's proxy statement regarding the deal is "materially deficient, deprives Plaintiff of the information necessary to make an intelligent, informed, and rational decision of whether to vote in favor of the Proposed Transaction, and tis thus in violation of the Exchange Act."

Microsoft is in the process of acquiring Activision Blizzard

Watson wants Activision Blizzard to issue a new SEC proxy statement that doesn't have the kind of "untrue statements" that are claimed to be in the initial document.

A spokesperson for Activision Blizzard told Polygon, "We disagree with the allegations made in this complaint and look forward to presenting our arguments to the Court."

A second lawsuit, this one filed in New York, contains similar claims against Activision Blizzard. These lawsuits are separate from the ones Activision Blizzard is facing regarding its corporate culture and workplace. Activision Blizzard CEO Bobby Kotick is accused of, among other things, knowing about and covering up instances of sexual harassment. He is also said to have threatened to kill an employee.

Microsoft's deal to buy Activision Blizzard has not yet gone through. In addition to any matters related to shareholder cases, the buyout will face regulatory scrutiny, experts say, though it is ultimately expected to be approved. If that does happen, Microsoft will own Activision Blizzard and all of its studios and franchises, including Call of Duty, Overwatch, Warcraft, Diablo, and many more.

Microsoft initiated Activision purchase just after saying it was ‘deeply troubled’ by scandal reports

Legal filings give a more precise timeline to the proposed acquisition.

Call of Duty Anti-cheat Now Lets You Hilariously Destroy Cheaters

Call of Duty’s anti-cheat software Ricochet has a new feature that […]

The post Call of Duty Anti-cheat Now Lets You Hilariously Destroy Cheaters appeared first on PlayStation LifeStyle.

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