If the deal between Microsoft and Activision Blizzard goes through, it will be the largest acquisition in the gaming sphere in terms of potential valuation. The deal is far from done as the company awaits decisions from its shareholders and directors over the takeover.
The Federal Trade Commission is also expected to announce its judgment on the potential deal. In the meantime, the SOC Investment group has written to the company's shareholders to reject the deal on two substantial grounds.
Activision Blizzard has been embroiled in a storm in recent times over charges of s*xual misconduct. Its handling of the issue has been heavily criticized, and CEO Bobby Kotick has bore the most vitriol.
There have been criticisms over the quality of the products, but that seems relatively trivial compared to the more concerning issues. All of these points have been raised by SOC Investment group in their letter to the shareholders of the beleaguered company.
The primary question arising over the recent case is simple: Can the deal get canceled over SOC Investment Group's letter? To answer that, one needs to observe the main points and how they can develop if the takeover goes through.
SOC Investment Group has been highly critical of Activision Blizzard's handling of the accusations surrounding s*xual misconduct in its offices. The group has previously claimed the sacking of official heads, including that of CEO Bobby Kotick.
If Microsoft takes over Activision Blizzard, Kotick will likely be given a farewell. It probably won't be a sacking, and instead, Kotick will earn millions from the deal. However, he will likely be leaving the office with someone new in-charge.
Bobby Kotick has refused to resign over the issue of grave accusations for
Read more on sportskeeda.com