Home -> Law Blog Directory -> Intellectual Property Law Blogs -> Video Game Law Blog

Intellectual Property Law

: Video Game Law Blog

Activision Sued by Investors

By Chris Bennett, Tudor Carsten, Michael R. Coburn, Sarah Dale-Harris, Pablo Guzman, Danielle (Dani) Lemon, Chris Metcalfe and David Spratley

An interesting legal issue has arisen at Activision Inc. Specifically, Wayne County Employees' Retirement System of Wilmington, Delaware an investor in Activision, is suing the Company for failing to secure the best possible deal in its merger with Vivendi Games.

Under the terms of the proposed $18 billion merger, which was first announced in December, Activision would land up in a minority shareholder position in the merged entity. It was Activision's alleged failure to secure a premium for agreeing to give up a majority position that motivated the lawsuit.

This type of legal action is not uncommon in large merger transactions but it will be interesting to see what impact it might have on the closing of the highly publicized merger.

More coverage at Delaware Online

Bookmarks: Delicious, Digg , Facebook, Google, Reddit, StumbleUpon, Yahoo

Full post as published by Video Game Law Blog on February 25, 2008 (boomark / email).