Microsoft and former executives of Activision Blizzard have agreed to pay $250 million to settle a shareholder class-action lawsuit stemming from Microsoft's $69 billion acquisition of Activision Blizzard in 2023. The lawsuit, initiated by Activision Blizzard shareholders, alleged inadequate disclosure of information during the acquisition process and claimed shareholders were underpaid. The settlement averts a lengthy and costly court battle, marking another legal dispute surrounding this massive transaction that has been temporarily resolved.
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