The debates continue to buy Activision Blizzard from Microsoft, especially in Europe. This time a Sweden Public Pension Fund filed a lawsuit against the two companies. The complaint also targets activision blizzard ceo Bobby Kick, as well as members of the company's Board of Directors, as well as claiming that they want to protect Kick from accusations of sexual harassment.
Something much more serious than it seems
According to the Bloomberg Financial Market website, the 205 pages complaint states that the proposed merger of Activision Blizzard Inc. And Microsoft Corp is actually a Microsoft conspiracy to deal with the giant's sexual harassment cases and protect his CEO, Bobby Kick.
The pension fund accuses microsoft and Activision Blizzard that they had an undervalued agreement in exchange for conditions that would allow Kick to remain in charge of the company, at least until the completion of the operation, concluded after regulatory review by various organs.
The complaint states that Microsoft consciously explored the harassment scandal and its commercial influence on Activision precisely to provide Kick a way to save its own skin, and that it conspired by the CEO and the council to help them with its consequences' scandal.
A true conspiracy
The plaintiffs believe the transaction would have been hurriedly negotiated. Indeed, some essential details of the operation would not have been presented to investors before the decision voting. This maneuver would aim to help Kick avoid being held responsible, allowing him to stay in office and offering him a few million dollars in the process.
For its part, Microsoft admitted that there was a certain diligence in negotiation and, for the plaintiffs, this means that the company was fully aware of the scandal that the fusion would help hide.
Joe Christina, Activision spokesman, commented on the accusations made to Bloomberg Law:
We received 98% approval of the express votes. The Board of Directors underwent a complete process to decide the right decision to employees, shareholders and players. [...] our proposal to acquire 'Activision Blizzard was negotiated legally and fair way.
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