News
Activision facing lawsuit over Vivendi deal
Neil Long Feb 27 2008, 5:05pm
Comments (2)
Investor claims that company directors failed to obtain the best deal
Gamedaily.com reports that the merger pushes investors into an “unfavourable minority position”.
The complaint reads: "The merger, stock purchase and tender offer, working in concert, convey control of Activision to Vivendi but fail to offer the Activision stockholders an opportunity to realise a true control premium for their stock."
Comments
“poor shareholders”
Posted by: ralphred - Feb 28, 10:17am
oh no, they might not get as much money, shame, they only have shares in a company that turned over record profits last year, and is only going to grow over this coming year...
stop whining, its idiots like shareholders who are killing the industry going to "targets" and "timelines" its no longer about quality, its about getting a title on the shelves by a specific date no matter the state of the code. what happeneed to "its ready when we're happy with it"?
“Re: poor shareholders”
Posted by: aMIGA_dUDE - Feb 28, 4:05pm
Shareholder always have a short term view on things. One title getting realised to early could very easily damage a brand.
On other hand business need cash. No business would stay in business if things do not get completed.
It a very fine line at end of the day.