New threat to game industry's biggest deal: Swedish company accuses Bobby Kotick and Phil Spencer of collusion and has sued Microsoft and Activision Blizzard

By: Anton Kratiuk | 23.11.2022, 18:21
New threat to game industry's biggest deal: Swedish company accuses Bobby Kotick and Phil Spencer of collusion and has sued Microsoft and Activision Blizzard

While regulatory commissions of sixteen countries are considering the potential consequences of the deal between Microsoft and Activision Blizzard, and the deal itself raises many questions and, according to some insiders, is in danger of collapse, there is another serious challenge to the plans of Phil Spencer and Bobby Kotick.

Here's What We Know

Authoritative publication Bloomberg Law reports that the American giants have been sued by Sjunde AP-Fonden, a company owned by the Swedish government.

The fact is that Sjunde AP-Fonden is a major shareholder of Activision Blizzard and believes that the grand scandal that preceded the announcement of the deal was as much as possible to both companies to significantly reduce the value of their shares.

In addition, CEO Bobby Kotick, who, recall, was at the center of the scandal associated with constant harassment and an unhealthy work atmosphere at Activision Blizzard, received certain preferences and benefits through the deal with Microsoft. Taking over his company would allow Kotick to hush up the case, avoid liability, and protect himself from possible lawsuits.

In the 205-page document, the Swedes from Sjunde AP-Fonden make well-reasoned claims not only against Microsoft and Kotick, but against the entire board of directors of Activision Blizzard for criminal conspiracy and deliberate drafting of the deal terms in a way that shielded Bobby Kotick from liability.

Microsoft deliberately used the harassment scandal and its commercial advantage over Activision to offer Kotick a way to save his own skin. The corporation colluded with Kotick and the board to help them avoid the personal and professional consequences of this scandal.