Activision Blizzard Investor Sues To Halt Company’s Merger With Microsoft

Mealey's (February 28, 2022, 1:57 PM EST) -- LOS ANGELES — An investor in interactive gaming company Activision Blizzard Inc. sued the company and its board of directors on Feb. 24 in California federal court, seeking to enjoin  Activision’s proposed merger deal with Microsoft Inc. based on the defendants’ alleged issuance of a materially misleading preliminary proxy statement in conjunction with a shareholder vote on the merger deal in violation of federal securities laws....