Microsoft agreed to pay $250 million to settle claims brought by a Swedish pension fund investor over Microsoft’s 2022 acquisition of Activision Blizzard. The investor alleged the deal price was too low and that the transaction was rushed to avoid fallout from a sexual misconduct scandal. The case proceeded after a Delaware Court of Chancery judge allowed it to move forward, leading Kotick to respond with a countersuit and hire a high-profile attorney. Kotick’s filing accused the pension fund and related parties of using legal process to advance false, unsubstantiated claims. The settlement is intended to resolve the remaining disputes tied to the acquisition. Activision Blizzard previously paid $54 million in 2023 to settle a California discrimination lawsuit involving female employees.
"Microsoft has now agreed to pay $250 million, more than the entire development budget of 2020's The Last of Us Part 2, in order to settle the case, Reuters reports."
"It later sued Activision Blizzard and CEO Bobby Kotick claiming the deal was rushed to avoid fallout from the sexual misconduct scandal the company was embroiled in at the time."
""Mr. Kotick intends to shine a light on the gross misconduct of the activists who invented the false narrative of misconduct at Activision, and to expose the relationship between those activists and AP7," read part of the filing from Kotick's lawyers."
""The Court, and the public, should be aware of the abuse of legal process through which AP7, regulators, and union activists brought false and wholly unsubstantiated claims against Activision and Mr. Kotick.""
Read at Kotaku
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