Article ID: cf12f26d0605da23e38aaf066a7ee6954c58cfd21db7dc85332d40a048144f2d
Source ID: secondary:businessinsurance.com
Published At: -
Extraction Method: bs4_heuristic
Body Text
Activision shareholders reach $250M settlement over Microsoft buyout - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Activision shareholders reach $250M settlement over Microsoft buyout D&O May 27, 2026 (Reuters) – Shareholders of Activision Blizzard reached a $250 million settlement over allegations that the company’s former executives and Microsoft shortchanged them when Microsoft acquired the game maker for $75.4 billion in 2023, according to a filing made public on Friday in a Delaware state court. Shareholders of the “Call of Duty” video game maker, led by Swedish pension fund Sjunde AP-Fonden, accused former Activision Blizzard executives, including Chief Executive Bobby Kotick, of breaching their fiduciary duties to investors by agreeing to a $95-per-share takeover price. The shareholders said Mr. Kotick rushed into the merger so he could keep his job and $400 million of change-of-control benefits. In the settlement agreement, the pension fund said there was compelling information that undermined any claim that Mr. Kotick and the Activision Blizzard defendants failed to act in good faith. Microsoft and Mr. Kotick brought counterclaims against Sjunde, which will also be resolved in the settlement agreement. Both sides denied the allegations against them, according to the court filing. The defendants said they were settling to avoid the distraction of litigation and Sjunde said it was settling because the payment was fair. The settlement must be approved by Kathaleen McCormick, the chief judge of the Delaware Court of Chancery, who is overseeing the litigation. The settlement will be funded 40% by Microsoft, while the remainder will be paid by directors and officers liability insurance, according to a court filing. The payment amounts to around 30 cents for each Activision Blizzard share. The deal was the largest in the video game industry when it was unveiled in 2022 and gave Microsoft the heft to compete with Sony Group. Related News Contractor found liable for $1.17 million for inflated repair costs May 27, 2026 Lawmakers send contractor coverage bill to governor May 27, 2026 AI goes pro se, courts go ‘oh no’ May 27, 2026 Transactional risk claims jump 34%: Marsh May 27, 2026 Oakbridge buys Florida-based agency May 27, 2026 Property cat rates fall at mid-year renewals May 27, 2026 Cyberattacks fuel Asia coverage demand May 27, 2026 Insurers see limited impact from Middle East conflict: Report May 27, 2026 Liberty Mutual takes ups stake in JV May 27, 2026 Facebook-f X-twitter Linkedin-in Business Insurance is a singular, authoritative news and information source for executives focused upon risk management, risk transfer and risk financing. Never miss important news: Become a Business Insurance Online subscriber today Subscribe Now Information About Us Contact Advertise Privacy Policy Terms & Conditions Copyright 2026. BUSINESS INSURANCE HOLDINGS Member, Beacon International Group, Ltd.
Metadata (JSON)
{
"score": 12.333333333333334
}