Reuters stories that Microsoft has agreed to a $250 million settlement in a lawsuit filed by Swedish pension fund Sjunde AP-Fonden over allegations that, merely put, Activision offered out too rapidly and too cheaply when it was acquired by Microsoft.
Microsoft dropped $69 billion on Activision Blizzard in the 2022 deal, a pleasant, hefty sum of cash by any measure. However later that 12 months, as reported by GameFile, Sjunde AP-Fonden—also referred to as AP7—filed swimsuit, alleging the deal was rushed by former Activision CEO Bobby Kotick to be able to keep away from fallout from stories of sexual misconduct at the firm and defend his personal huge payout from the deal.
Kotick filed his personal countersuit, saying that the AP7 lawsuit was not less than partly “aimed to assist pave the approach for [Swedish game company] Embracer to extend its foothold in the California market at the expense of Activision.” Embracer stated in response that it was “humbled” by the declare however denied it, including that “we didn’t and don’t want any assist from a Swedish pension fund in competing with Activision.” This all occurred earlier than Embracer’s $2 billion implosion, keep in mind, so it was nonetheless on a really large roll at this level.
Anyway, that is all water below the bridge now, as a result of the $250 million settlement means all of it goes away, together with the countersuits filed by Kotick and Microsoft.
$250 million feels like an terrible lot of cash, and, okay, it’s. However it’s additionally lower than one-half of 1% of what Microsoft paid for Activision Blizzard in the first place; a relative pittance, in different phrases, the equal of including an additional dime to the buy value of Subnautica 2. Certain, you could possibly use that dime for one thing else—throw it at a cybertruck, perhaps—however are you actually going to overlook it? Most likely not. So for the equal of some megacorp sofa cash, I think about Microsoft is completely happy to finally put a pin on this.
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