NEW YORK, Jan. 18, 2022
NEW YORK, Jan. 18, 2022 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Activision Blizzard, Inc. ("Activision" or the "Company") (NASDAQ: ATVI), in connection with the proposed acquisition of the Company by Microsoft Corporation ("Microsoft") (NASDAQ: MSFT). Under the terms of the acquisition agreement, the Company's shareholders will receive $95.00 in cash for each share of Activision common stock that they hold. The all-cash transaction is valued at approximately $68.7 billion.
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WeissLaw LLP is investigating whether (i) Activision's board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $95.00 per-share merger consideration adequately compensates Activision's shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed. Notably, at least one analyst set a price target for the Company of $125.00 per share, $30 above the per-share merger consideration.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected]
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SOURCE WeissLaw LLP