Activision Blizzard's year of news appearances is almost unbelievable, but perhaps none more so than the announcement that Microsoft and Xbox is purchasing them for just under $70 BILLION in cash.

With details about the deal process now out in the open, at least one shareholder has taken umbrage at the proceedings, alleging that Activision is deliberately lying to its shareholders in order to benefit its management and board.

For this fight, we're going to need some proxies...in Virtual Legality.

CHECK OUT THE VIDEO AT: https://youtu.be/czCjozG-xic

#Activision #Microsoft #Lawsuit

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SEASONED GAMING BITCAST - SUNDAYS AT 11:00 EASTERN

https://www.youtube.com/channel/UCgHBXONMT06nX_8RZ5r32UA

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CHAPTERS

00:00 Introduction

01:53 The Shareholder Lawsuit - Overview

16:31 The Shareholder Lawsuit - Hating the Deal

20:17 The Shareholder Lawsuit - Hinting at Conflict

29:50 The Shareholder Lawsuit - Alleging Lies

37:50 Understanding the Impact of the Complaint

41:21 Conclusion

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Discussed in this episode:

"Microsoft x Activision"

Hoeg Law Playlist

https://www.youtube.com/playlist?list=PL1zDCgJzZUy_vBs7Qt9-ROfumOtIrSdP8

"Activision Blizzard shareholder sues over Microsoft sale"

Polygon - February 24, 2022

https://www.polygon.com/22949594/activision-blizzard-shareholder-lawsuit-sec-violation

LAWSUIT, LAWS, AND REGULATIONS

https://storage.courtlistener.com/recap/gov.uscourts.cacd.844853/gov.uscourts.cacd.844853.1.0.pdf

https://www.law.cornell.edu/uscode/text/15/78n

https://www.law.cornell.edu/cfr/text/17/240.14a-9

https://www.law.cornell.edu/cfr/text/17/240.14a-6

https://www.law.cornell.edu/uscode/text/15/78t

PROXY

https://www.sec.gov/Archives/edgar/data/718877/000110465922025210/tm225196-3_prem14a.htm

HOEG LAW VIDEOS

https://youtu.be/tLPjPiWRZVo

LEGAL ARTICLES

https://corpgov.law.harvard.edu/2019/09/23/use-of-special-committees-in-conflict-transactions/

https://news.bloomberglaw.com/securities-law/pleading-damages-in-section-14-a-mergers-and-acquisitions-litigation

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"Virtual Legality" is a continuing series discussing the law, video games, software, and everything digital, hosted by Richard Hoeg, of the Hoeg Law Business Law Firm (Hoeg Law).

CHECK OUT THE REST OF VIRTUAL LEGALITY HERE:

https://www.youtube.com/playlist?list=PL1zDCgJzZUy9YAU61GoW-00K0TJOGnPCo

DISCUSSION IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT TO BE CONSTRUED AS LEGAL ADVICE. INDIVIDUALS INTERESTED IN THE LEGAL TOPICS DISCUSSED IN THIS VIDEO SHOULD CONSULT WITH THEIR OWN COUNSEL.

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Twitter: @hoeglaw

Web: hoeglaw.com