Activision Blizzard, Inc. v. Hayes

BERGER, Justice:

This is an interlocutory appeal from entry, by the Court of Chancery, of a preliminary injunction halting consummation of a stock purchase agreement under which Vi-vendi, S.A. would have divested itself of its controlling interest in Activision Blizzard, Inc. Appellee, an Activision stockholder, convinced the trial court that the company’s charter requires that a majority of the public stockholders vote in favor of the transaction. The relevant provision applies to “any merger, business combination, or similar transaction” involving Vi-vendi and Activision. The trial court…