Microsoft to Pay $250M to Settle Activision Blizzard Lawsuit

Microsoft will pay $250 million to settle a 2022 class action lawsuit filed by Swedish pension fund Sjunde AP-Fonden AP7, which aimed to block Microsoft’s $69 billion acquisition of Activision Blizzard.

The lawsuit alleged that CEO Bobby Kotick “rushed” the sale, thereby depriving shareholders of a better stock price than the $95 per share agreed to by Microsoft.

Read more at Games Industry