ActiBlizz gets hit by class action for misleading shareholders re: Bungie split

[chipsnapper]

https://finance.yahoo.com/news/filing-deadline-kuznicki-law-pllc-165430469.html

Activision Blizzard, Inc. (ATVI)
Investors Affected: August 2, 2018 - January 10, 2019
A class action has commenced on behalf of certain shareholders in
Activision Blizzard, Inc. The filed complaint alleges that defendants
made materially false and/or misleading statements and/or failed to
disclose that: (i) the termination of Activision Blizzard and Bungie's
partnership, giving Bungie full publishing rights and responsibilities
for the Destiny franchise, was imminent; (ii) the termination of the two
companies' relationship would foreseeably have a significant negative
impact on Activision Blizzard's revenues; and (iii) as a result,
Activision Blizzard's public statements were materially false and
misleading at all relevant times.

[Geel]

Selfishly I look forward to no longer seeing Overwatch anywhere

[OpethRockr55]

It's okay, they can just fire another 800 employees to make up what they'll lose from this.

/s

[Steel]

I am nearly certain Acti-Blizz isn't concerned about losing Destiny as a brand is a big deal, which is why they parted ways without submitting a dozen times to shareholders and listed its loss in the SEC filing. They did have the forethought to list this, however.

https://www.ign.com/articles/2019/03/01/activision-blizzard-aware-800-job-cuts-could-negatively-affect-business

[VinLAURiA]

Oh, how I wish I could have pity for these shareholders angry that Bungie has been set free from Activision's sleazy grasp, but then I remember they're a bunch of good-for-nothing parasites who're responsible for the majority of the company's sleazy decisions.

So yeah, get dunked.

[gbtygfvyg]

The porn can stay though.

[That Deer]

Nothing like seeing Overwatch take it up the ass both figuratively and literally.