Investors Sue Activision/Vivendi Over Merger
Sour grapes and all...
Not everyone is happy with the recent Activision/Vivendi merger. A group of Activision stockholders are now suing the company over it.
In December 2007, Activision and Vivendi Games announced a merger that would make the combined company the largest videogame publisher in the world.
Activisions know-how in managing franchises, such as the Guitar Hero and Tony Hawk series, combined with Vivendis properties, particularly Blizzard Entertainments the World of Warcraft, should please investors on both sides.
The combined companies, called Activision Blizzard, aim to create synergistic advantages in the games industry. At the time of the announcement, Activision CEO Robert Kotick said, By combining leaders in mass-market entertainment and subscription-based online games, Activision Blizzard will be the only publisher with leading market positions across all categories of the rapidly growing interactive entertainment software industry and reach the broadest possible audiences.
Read more about it at DailyTech.