{"id":36962,"date":"2013-08-04T22:25:31","date_gmt":"2013-08-04T21:25:31","guid":{"rendered":"http:\/\/alienbabeltech.com\/main\/?p=36962"},"modified":"2013-08-04T22:29:06","modified_gmt":"2013-08-04T21:29:06","slug":"shareholder-sues-activision-blizzard-over-vivendi-buyout","status":"publish","type":"post","link":"http:\/\/alienbabeltech.com\/main\/shareholder-sues-activision-blizzard-over-vivendi-buyout\/","title":{"rendered":"Shareholder sues Activision Blizzard over Vivendi Buyout"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" alt=\"\" src=\"http:\/\/i1.wp.com\/www.blogcdn.com\/www.joystiq.com\/media\/2013\/08\/xactiblizlogo530.jpgjpegimage530298pixels.png.pagespeed.ic.gCvFAOISAw.png?resize=527%2C294\" data-recalc-dims=\"1\" \/><\/p>\n<p>It seems like Vivendi\u00a0might not be\u00a0able to sell off its shares as easily as it hoped. An Activation Blizzard shareholder submitted a complaint saying the buyout is a conflict of interest. Last week Activision Blizzard announced that Vivendi was selling\u00a0a majority of\u00a0its shares to the publisher as well as an investment group led by the CEO Bobby Kotick and Co-Chairman Brian Kelly.<\/p>\n<p>The shareholder Todd Miller, argues a \u201cbreach fiduciary duties, waste of corporate assets and unjust enrichment\u201d.<\/p>\n<p>If the deal was to go through then the investment group would be Activision Blizzard&#8217;s largest shareholders.\u00a0 Todd Miller claims that 6 of the 11 board members have close ties to Vivendi, where many of the them were once executives.<\/p>\n<blockquote><p>There was no\u00a0apparent\u00a0business purpose in allowing the insider investor group to\u00a0participate\u00a0in the discounted stock offering, other than to aggrandize defendants Kotick and Kelly and\u00a0provide\u00a0billions of dollars&#8217; worth of Activision stock to the insider investor group at a discounted price.<\/p><\/blockquote>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" alt=\"\" src=\"http:\/\/i0.wp.com\/hitskin.com\/themes\/12\/63\/17\/i_logo.jpg?resize=599%2C341\" data-recalc-dims=\"1\" \/><\/p>\n<p>Activision is the largest publisher in the US, and has generated a revenue of over one billion dollars in the last four of the past five financial quarters.<\/p>\n<p>Via: <a href=\"http:\/\/www.gamesindustry.biz\/articles\/2013-08-02-activision-blizzard-sued-over-vivendi-buyback\" onclick=\"_gaq.push(['_trackEvent', 'outbound-article', 'http:\/\/www.gamesindustry.biz\/articles\/2013-08-02-activision-blizzard-sued-over-vivendi-buyback', 'Gamesindustry']);\" >Gamesindustry<\/a><\/p>\n<p>Source: <a href=\"http:\/\/www.entlawdigest.com\/2013\/08\/02\/2600.htm\" onclick=\"_gaq.push(['_trackEvent', 'outbound-article', 'http:\/\/www.entlawdigest.com\/2013\/08\/02\/2600.htm', 'Courthouse News Service']);\" >Courthouse News Service<\/a><\/p>\n<blockquote style=\"padding-left: 30px;\"><p>Please join us in our <a href=\"http:\/\/alienbabeltech.com\/abt\/index.php\" target=\"_blank\">Forums<\/a><\/p>\n<p>Become a Fan on <a href=\"http:\/\/www.facebook.com\/pages\/AlienBabelTech\/123268467142\" onclick=\"_gaq.push(['_trackEvent', 'outbound-article', 'http:\/\/www.facebook.com\/pages\/AlienBabelTech\/123268467142', 'Facebook']);\" target=\"_blank\">Facebook<\/a><\/p>\n<p>Follow us on <a href=\"http:\/\/twitter.com\/alienbabeltech\" onclick=\"_gaq.push(['_trackEvent', 'outbound-article', 'http:\/\/twitter.com\/alienbabeltech', 'Twitter']);\" target=\"_blank\">Twitter<\/a><\/p>\n<p>For the latest updates from ABT, please <a href=\"http:\/\/alienbabeltech.com\/main\/?feed=rss2\" target=\"_blank\">join our RSS News Feed<\/a><\/p>\n<p>Join our Distributed Computing teams<\/p>\n<ul>\n<li>Folding@Home &#8211; Team AlienBabelTech &#8211; 164304<\/li>\n<li>SETI@Home &#8211; Team AlienBabelTech &#8211; 138705<\/li>\n<li><a href=\"http:\/\/www.worldcommunitygrid.org\/reg\/viewRegister.do?teamID=3P39R3SRV1\" onclick=\"_gaq.push(['_trackEvent', 'outbound-article', 'http:\/\/www.worldcommunitygrid.org\/reg\/viewRegister.do?teamID=3P39R3SRV1', 'World Community Grid &#8211; Team AlienBabelTech']);\" target=\"_blank\">World Community Grid &#8211; Team AlienBabelTech<\/a><\/li>\n<\/ul>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>It seems like Vivendi\u00a0might not be\u00a0able to sell off its shares as easily as it hoped. An Activation Blizzard shareholder submitted a complaint saying the buyout is a conflict of interest. Last week Activision&#46;&#46;&#46;<\/p>\n","protected":false},"author":2050,"featured_media":36968,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,2535],"tags":[6878,6879,6880],"class_list":["post-36962","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gaming","category-web-news","tag-activision-blizzard","tag-bobby-kotick","tag-vivendi"],"_links":{"self":[{"href":"http:\/\/alienbabeltech.com\/main\/wp-json\/wp\/v2\/posts\/36962","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/alienbabeltech.com\/main\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/alienbabeltech.com\/main\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/alienbabeltech.com\/main\/wp-json\/wp\/v2\/users\/2050"}],"replies":[{"embeddable":true,"href":"http:\/\/alienbabeltech.com\/main\/wp-json\/wp\/v2\/comments?post=36962"}],"version-history":[{"count":0,"href":"http:\/\/alienbabeltech.com\/main\/wp-json\/wp\/v2\/posts\/36962\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/alienbabeltech.com\/main\/wp-json\/wp\/v2\/media\/36968"}],"wp:attachment":[{"href":"http:\/\/alienbabeltech.com\/main\/wp-json\/wp\/v2\/media?parent=36962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/alienbabeltech.com\/main\/wp-json\/wp\/v2\/categories?post=36962"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/alienbabeltech.com\/main\/wp-json\/wp\/v2\/tags?post=36962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}