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Microsoft has agreed to a $250 million settlement to resolve shareholder litigation over its $75.4 billion acquisition of Activision Blizzard, according to a May 22, 2026 court filing in Delaware.
The suit, led by Swedish pension fund Sjunde AP-Fonden (AP7), alleged that former Activision executives including then-CEO Bobby Kotick rushed the 2023 sale and agreed to a $95-per-share price that shortchanged investors.
Plaintiffs said Kotick moved to complete the deal to preserve his job and roughly $400 million in change-of-control payments.
Microsoft and Kotick had filed counterclaims against AP7; the settlement reportedly resolves those cross-claims as well.
The takeover had earlier attracted intense regulatory scrutiny from U.S. and U.K. authorities, forcing concessions such as the sale of cloud streaming rights.
The settlement does not require any admission of wrongdoing.
Court approval is required before payouts to affected shareholders are distributed, and the agreement brings to a close years of litigation tied to one of the largest deals in gaming history.
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Key takeaways: the $250m payout is a relatively small, per-share remedy addressing shareholder process claims, and long‑term licensing and business incentives make making Call of Duty exclusive unlikely while legal remedies remain in force.







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