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Investors Sue over Blizz/Activision Merger

sjohnson
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Posted February 27, 2008 - By Stephen Johnson

An investor group is suing over the details of the Activision/Blizzard merger.

According to Next Generation:

Michigan-based Wayne County Employees' Retirement System said in a February 8 complaint that it is now in an "unfavorable minority position," as Vivendi will control a 52 percent stake in the new company, Activision Blizzard.

"The merger, stock purchase and tender offer, working in concert, convey control of Activision to Vivendi but fail to offer the Activision stockholders an opportunity to realize a true control premium for their stock," said the investors' lawyers.

No comment yet from either company.

Check out Adam Sessler's intial thoughts on the merger:

Sessler's Soapbox: Gaming's New Power Couple »


Next Generation:  Investor Group Left Cold from ActiBlizz

Investors Sue over Blizz/Activision Merger
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