Substatic 420 Posted May 5, 2022 Share Posted May 5, 2022 New York City sues Activision, targeting CEO Bobby Kotick (axios.com) Quote Activision CEO Bobby Kotick rushed to secure a takeover bid from Microsoft to escape liability for misconduct at the company, a new lawsuit from New York City officials alleges. Quote What they’re saying: “Given Kotick’s personal responsibility and liability for Activision’s broken workplace, it should have been clear to the Board that he was unfit to negotiate a sale of the Company,” the suit says. “But it wasn’t.” New York says the Microsoft deal, which is pending regulator approval, allows “Kotick and his fellow directors a means to escape liability for their egregious breaches of fiduciary duty.” It also says Microsoft’s $95/share offer undervalues the company, which was trading at close to that before Activision’s public scandals began last summer. What will happen to Phil Spencer, our lord and savior? Quote Link to post Share on other sites
FIREPOWER 710 Posted May 5, 2022 Share Posted May 5, 2022 What a total shit show. Lemmings are avoiding this thread like a plague to no one's surprise. I'm gonna LMFAO if this deal doesn't go through because Phil and Bobby Kotick decided on a shady way to secure it. Quote Link to post Share on other sites
SheepKilla 473 Posted May 5, 2022 Share Posted May 5, 2022 Warren Buffett announced he just bought stock a few days ago at $80 must be fun buying stock at $70-80 when you know there's a buyout for $95 that was agreed. Quote Link to post Share on other sites
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