After several years of legal battle, Microsoft is set to pay a $250 million settlement to Activision-Blizzard shareholders who accused former executives at the company of rushing the acquisition and setting a lower price per share.
That is according to Reuters, which reports that former Activision-Blizzard shareholders, led by Swedish pension fund Sjunde AP-Fonden, agreed to settle for $250 million with Microsoft following several years of legal battle. The accusations arose from Microsoft’s deal to acquire Activision-Blizzard for $75.4 billion in 2023 at $95 per share, in which the shareholders believe they were shortchanged by Acti-Blizz executives and Microsoft.
