At Blizzard sued its own shareholders

Activision Blizzard guide accused of benefiting from the deal to buy out the company in the property from media giant Vivendi. It is with such a claim in the court addressed the minority shareholders of the company Todd Miller and Douglas Hayes. They note that the shares will be purchased by Vivendi with two big bags: 5.38 billion dollars would pay itself Activision Blizzard, and another 2.34 billion - an investment group led by the Director of Bobby Kotick and his deputy Brian Kelly. According to the plaintiffs, the second block of shares sold at a low price, and certainly in the future can be resold profitably. Activision Blizzard as-yet commented on the statement.

Deal to buy Activision Blizzard shares from Vivendi must draw a line in the lasts several years, the conflict between the two companies. The conflict began with an attempt to Vivendi pay off much of its 17-billion debt from cash Activision Blizzard. After some negotiations, the management of both companies came to the option to repurchase at Activision Blizzard Vivendi. The transaction is expected to be completed by the end of September.

Source: games mail