We are investigating whether the directors of Activision Blizzard, Inc. (Nasdaq: ATVI) (“Activision”) acted in the best interests of ATVI shareholders in approving the proposed acquisition of Activision by Microsoft Corporation (Nasdaq: MSFT) (“Microsoft”).
If you remain an ATVI shareholder and have questions about your legal rights, please contact us using the form below to discuss your options at no charge.
Why is there an investigation?
On January 18, 2022, before the markets opened, Microsoft announced that it plans to acquire all of the outstanding shares of Activision for $95.00 per share in cash. The deal has already been approved by the board of directors of both companies.
Our investigation concerns whether Activision’s board acted in the best interests of ATVI shareholders in approving the acquisition by Microsoft, including whether the acquisition price adequately compensates ATVI shareholders, and whether all information regarding approval of the transaction has been fully disclosed.
In particular, according to an analysis of Wall Street ATVI price targets in the last 90 days published on SeekingAlpha, there are analysts with ATVI price targets of over $100/share, including Brian Fitzgerald of Wells Fargo with a price target of $105/share.