Activision investor sues by Vivendi merger

February 27th, 2008 | Category: Gaming News

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Turns out not everybody’s happy with the recently-announced formation of super-company Activision Blizzard. One specific investor group is suing Activision, claiming that the merger will leave its shareholders in an “unfavorable minority position.”

Since Vivendi comes out on top in the merger — with 52% majority ownership of Activision — the Wayne County Employees’ Retirement System believes Activision didn’t think of the stockholders when accepting

the deal, which it claims otherwise could have proven more lucrative. No further details of the lawsuit are known at that moment. The Activision Blizzard merger is scheduled to occur sometime in the first half of that year.

[Via Next-Gen]

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