Lawsuit filed for Investors in Activision Blizzard, Inc. (NASDAQ: ATVI) over Takeover

An investor, who currently hold shares of Activision Blizzard, Inc. (NASDAQ: ATVI), filed a lawsuit in connection with the takeover of Activision Blizzard, Inc. by Microsoft.

Investors who purchased shares of Activision Blizzard, Inc. (NASDAQ: ATVI) and currently hold any of those NASDAQ: ATVI shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On January 18, 2022, Microsoft Corp. (Nasdaq: MSFT) announced plans to acquire Activision Blizzard Inc. (Nasdaq: ATVI). Microsoft will acquire Activision Blizzard for $95.00 per share, in an all-cash transaction valued at $68.7 billion, inclusive of Activision Blizzard's net cash.

However, the plaintiff alleges that Activision Blizzard, Inc filed a deficient preliminary proxy statement to solicit his vote and that the company and its directors have pushed forward with the Microsoft merger because it solely benefits them by allowing them to exchange all company equity awards.

At least one analyst has set the high target price for NASDAQ: ATVI at $113.00 per share. Furthermore, shares of Activision Blizzard, Inc. (NASDAQ: ATVI) reached over $99 per share in June 2021.

Activision Blizzard, Inc. reported that its annual Total Revenue rose from over $8.08 billion in 2020 to over $8.8 billion in 2021, and that its Net Income increased from over $2.29 billion in 2020 to over $2.76 billion in 2021.

Those who are current investors in Activision Blizzard, Inc. (NASDAQ: ATVI) shares have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.