{"id":58352,"date":"2013-09-13T12:32:09","date_gmt":"2013-09-13T10:32:09","guid":{"rendered":"http:\/\/mygaming.co.za\/news\/?p=58352"},"modified":"2013-09-13T12:34:04","modified_gmt":"2013-09-13T10:34:04","slug":"activision-blizzard-sued-by-shareholder","status":"publish","type":"post","link":"https:\/\/mygaming.co.za\/news\/business\/58352-activision-blizzard-sued-by-shareholder","title":{"rendered":"Activision Blizzard sued by shareholder"},"content":{"rendered":"

Activision Blizzard is being sued by a shareholder in an attempt to block an inside stock sale by the giant game publisher that would give officers control of the company.<\/p>\n

Shareholder Douglas M. Hayes has reportedly filed a lawsuit against CEO Bobby Kotick, co-chairman Brian Kelly, and Vivendi, because a stock sale would \u201cunjustly enrich Kelly, Kotick, and the other participants\u201d.<\/p>\n

The goal of the lawsuit is to give non-Vivendi shareholders a chance to vote on the proposed deal.<\/p>\n

In July,\u00a0Activision Blizzard forked out approximately R79-billion<\/a>\u00a0to buy back its shares from parent Vivendi, separating itself from the giant media company.<\/p>\n

Bobby Kotick and Brian Kelly purchased a further 172 million Company shares for approximately $2.34 billion.<\/p>\n

Source: Bloomberg<\/a><\/h6>\n

More Blizzard news:<\/h3>\n

Blizzard trademarks \u201cThe Dark Below\u201d<\/a><\/strong><\/p>\n

World of Warcraft microtransactions confirmed<\/a><\/strong><\/p>\n

Activision Blizzard breaks from Vivendi in R79-billion deal<\/a><\/strong><\/p>\n

Activision Blizzard rakes in hundreds of millions<\/a><\/strong><\/p>\n

Blizzard\u2019s Titan MMO delayed<\/a><\/strong><\/p>\n

Diablo 3 gamers killed 3.3 trillion monsters so far<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Shareholder sues Vivendi to halt insider sale<\/p>\n","protected":false},"author":196,"featured_media":50373,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_enabled":true,"_sma_x_custom_text":"","_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[2],"tags":[31,587,1359,665,10134,5644],"class_list":["post-58352","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-active","tag-activision","tag-activision-blizzard","tag-blizzard","tag-blizzard-activision","tag-vivendi"],"_links":{"self":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/58352","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/users\/196"}],"replies":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/comments?post=58352"}],"version-history":[{"count":0,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/58352\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/media\/50373"}],"wp:attachment":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/media?parent=58352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/categories?post=58352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/tags?post=58352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}