The filed lawsuit questions a conflict of interests, mentioning that the deal is not in the best interest of Activision Blizzard, Watson, or the company’s stockholders, and only the officers and directors of the company will benefit from it.
As such, an Activision Blizzard shareholder, Kyle Watson, has filed a lawsuit against the company and its board of directors in California, over alleged Securities Exchange Act violations in their proposed plan for the Microsoft sale.
While last month’s news of Microsoft acquiring Activision Blizzard has been one that has taken everyone by surprise, the deal has raised a lot of questions around anti-trust, and not everyone has been happy about it.
An Activision Blizzard spokesperson has commented on the lawsuit to Polygon, saying that the company disagrees with the allegations made in lawsuit, and is looking forward to providing their own arguments in court.