Swedish agency sues Microsoft over merger with Activision

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Credits: Disclosure/Microsoft

Sjunde AP-Fonden, a Swedish government agency responsible for administering the country’s pensions, has filed a lawsuit against Microsoft over its merger with Activision Blizzard. While the UK Trade Authority (CMA) is concerned about the impact this could have on the gaming industry, the agency’s concern has other reasons.

They affirm that the merger between the two companies was nothing more than an attempt by the companies to exploit the crisis that the gaming giant is experiencing.

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What led to the Sjunde AP-Fonden lawsuit are the various sex scandal cases that Activision CEO Bobby Kotick has been involved with in recent years. They affirm that the merger between the two companies was nothing more than an attempt by the companies to exploit the crisis that the gaming giant is experiencing.

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For them, the merger between Microsoft and Activision was “rigged to exploit the sexual harassment crisis and protect their CEO.” In the process, all current and former members of Activision Blizzard’s board of directors are appointed. Furthermore, they claim that the $69 billion figure was designed just to keep Kotick in office until the end of the regulatory review.

Microsoft and Activision responded to the lawsuit

Despite being the biggest acquisition in the history of the games industry, Sjunde AP-Fonden claims that the deal between the two companies was “a bargain price” and nothing more than a scam. The entire process has more than 205 pages and appears as one more problem that Microsoft will have to face if it wants to complete the merger with Activision.

“Microsoft knowingly took advantage of the harassment scandal and its business influence over Activision precisely to offer Kotick a way to save his own skin. It conspired with Kotick and the board to help them escape the personal and professional fallout of this scandal,” he said. the agency.

Sought by Bloomberg Law, Activision said the entire deal was excellent, especially for shareholders. According to Joe Christinat, a spokesman for the company, they got 98% approval and that he needed to go through a complete process to decide the right move for employees, shareholders and players. Less patient and more to the point, Microsoft only stated that the “proposed acquisition of Activision Blizzard was negotiated legally and fairly.”

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Source: Bloomberg Law

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