India, May 22 -- Activision Blizzard (ATVI) shareholders have secured a $250 million settlement tied to claims that Microsoft (MSFT) and some former Activision executives shortchanged investors during Microsoft's 2023 acquisition of the video game publisher.
According to a recent filing in a Wilmington state court, this settlement wraps up a class-action lawsuit that accused the company's leadership of not properly revealing information about the massive $75.4 billion merger, which brought popular games like Call of Duty under Microsoft's wing.
Shareholders argued that the way the deal was structured and the lack of transparency meant they didn't get the full value during the sale. This agreement helps both sides avoid what could have tur...