Legal Opinion
In re Activision Blizzard, Inc.
Court of Chancery of Delaware
Decided February 21, 2014No. C.A. No. 8885-VCLPublishedCited by 10 opinions
1Opinion of the Court
OPINION
LASTER, Vice Chancellor.
Plaintiff Anthony Pacchia has challenged a transaction through which Activision Blizzard, Inc. (“Activision” or the “Company”) and an entity controlled by Activision’s two senior officers acquired over 50% of the Company’s outstanding shares from Vivendi S.A., its controlling stockholder, for approximately $8 billion in cash. The plaintiff contends that Vivendi and the members of the Activision board of directors (the “Board”) breached their fiduciary duties by entering into the transaction. Six of the eleven individual defendants who served on the Board and…
2Cases cited28 opinions
- Societe Internationale Pour Participations Industrielles Et Commerciales, S. A. v. RogersSupreme Court of the United States · 1958
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- Appriva Shareholder Litigation Co. v. Ev3, Inc.Supreme Court of Delaware · 2007
- Ryan v. GiffordCourt of Chancery of Delaware · 2007
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3Cited by10 opinions
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