Employee representatives from the city of “New York City” filed a lawsuit against Activision Blizzard (Call of Duty, WoW, Diablo 3). They see the pensions of their teachers, police officers and firefighters threatened. CEO Bobby Kotick is believed to be acting out of self-interest, hastily and underrated selling his gaming company Activision Blizzard to get his head off the noose.
ware you complaining then?
- Representatives of a pension fund for teachers, police officers and firefighters in New York City are suing.
- In the United States, it is common for some professions to secure their retirement savings by purchasing corporate bonds. The New York-based group has invested heavily in publicly traded company Activision Blizzard.
- As is known, Activision Blizzard wants to sell its company to Microsoft. The New York Pension Fund believes there is not enough money per share. They wanted to get a higher price. It is believed that the current deal only came because Bobby Kotick wanted to avoid liability and therefore wanted to sell as quickly as possible.
If Bobby Kotick doesn’t go now, Activision Blizzard will lose more talent
Activision Blizzard is said to be sold “hastily” and “under value”.
What do you accuse Activision Blizzard of? In essence, Activision Blizzard is believed to be now being sold “hastily” and led by Bobby Kotick, who is about to get his head out of the noose.
In the months leading up to the sale, allegations emerged against the company’s CEO that he was aware of Blizzard’s complaints but had done nothing to resolve them. He also did not share his information about him with the supervisory board, as it would be his duty to him.
Activision Blizzard was targeted after a sexism scandal. Employees have called for Kotick’s resignation.
Microsoft is said to have made its takeover offer just 3 days after a malicious insider report appeared in the Wall Street Journal which brought serious allegations against Kotick.
The applicants state:
Given Kotick’s personal responsibility and the responsibility for Activision’s broken work culture, it should be clear to the board that he was not qualified to negotiate a sale of the company. But apparently it wasn’t clear.
From a New York point of view, the sale of Activision Blizzard to Microsoft would now allow those responsible to shirk their responsibilities. By doing so, they would have violated their “tax liability”.
The $ 95 Microsoft pays per share isn’t enough. Activision Blizzard would still have had this value before the scandals.
Activision Blizzard is rumored to release secret files
What are you asking now? New York City requires Activision Blizzard to release a series of internal and confidential documents. So you want to see a list of other possible buyers who supposedly existed.
Activision Blizzard had announced that an investor specifically wanted to buy Blizzard and release it from Activision, but no further details were made public.
Also, you want to know more precisely what Bobby Kotick’s informative status was about the scandals. New York City officials want to gather more information in preparation for a lawsuit against the board, which they believe has “wasted the company’s value.”
We also addressed Kotick’s reason why Activision Blizzard had to be sold to Microsoft on MeinMMO:
Activision Blizzard explains why they had to sell themselves instead of buying EAs