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Showing posts with the label activision and its potential

Microsoft Activision Blizzard purchase faces the rejection of the Investor Group

Earlier this year, Microsoft made great waves in the videogame industry when he announced his intention to buy Blizzard Activision. The agreement will not be finalized until the beginning of next year, but there are a number of potential obstacles that must be overcome before the purchase can be specified. Shareholders will vote on the proposed merger on April 28, but Soc Investment Group is pressing for no. In a letter about the company's website, it states that the "transaction does not adequately assess activision and its potential for future profits," arguing that the company is currently undervalued. Last year, accusations began to emerge on racism, sexism and a "culture of fraternity" in Activision Blizzard. While the company has tried to change things, SOC Investment Group argues that "incompetent management of the crisis by the Activision Board" has depressed the price of actions. The group points to the average value of the company's sha...