Activision Blizzard faces further accusations. The New York City Fire, Police, and Teachers’ Retirement Fund, as well as the New York City Pension Fund, which owns shares in Call of Duty or World of Warcraft, sued the company and blamed its CEO. Bobby Kotick allegedly sold the company to Microsoft to avoid problems.
Source: BlizzardBlizzard introduced Warcraft for mobile devices and tablets
The lawsuit went to court in the state of Delaware. And it aims to force Activision Blizzard to release internal documents from late 2021. how much Kotick and other board members knew about employee issues, including harassment.
Awful working conditions hurt the company’s value and hurt investors. The funds believe that Bobby Kotick, responsible for the scandals, quickly agreed with Microsoft to sell Activision Blizzard. Allegedly to avoid liability for gross violations of fiduciary duties. The funds want to prove that Kotick had no right to negotiate the sale of the company.
Source: ActivationActivision already knows why Call of Duty: Vanguard is not for sale
In addition, the plaintiffs argue that the purchase price of Activision Blizzard shares (at $95 a share, only $68.7 billion) offered by Microsoft is understated and the company was more valuable before the scandals.
An Activision Blizzard spokesperson told GameSpot that the company does not agree with the statement made in the lawsuit and is ready to submit its arguments to the court.
Recall that Activision Blizzard investors recently agreed to the acquisition. As you can see, the largest store in the history of the gaming industry still has its opponents.
Source :Indian TV
