SOC Investment Group Stressed to fellow shareholders of Activision Blizzard To do Vote against Microsoft’s proposed Xbox merger. The investor believes that the contract is not at the level of the company’s potential and that it is not the solution to the company’s problems.
The SOC Investment Group Activision Blizzard has been widely criticized in the wake of recent sexual harassment and discrimination cases (we are reminded that they are mostly pending), and last November he called for the resignation of top directors, including CEO Bobby Kodik and group chairman Brian. Kelly and independent director Robert Morgado.
Written by SOC Investment Group a Letter to fellow shareholders Invites them to reject the proposed link for two reasons. “This transaction failed to accurately assess Activision and its future revenue potential because the sexual harassment crisis – and the inaction board’s incompetent management – played a role in delaying product releases and reducing stock prices,” the SOC argued. .
“It is doubtful whether any transaction with Microsoft (or a similar buyer) is possible, given the change in the trusted enforcement environment and the apparent evidence of potential competitive harm from the merger,” the investment group said.
Recall what Microsoft said it believed Complete the contract in the first half of 2023. The United States Federal Trade Commission (FTC) is conducting a hopeless review to determine if the acquisition will give Xbox an unfair competitive advantage.
Four U.S. Senators They have recently written to the FTC to express their concern about the proposed merger, which they say is already blocking union efforts and “threatening workers’ liability claims” over allegations of sexual harassment and discrimination.
Within it Letter On Thursday, the SOC said: “We do not believe Activision’s partners need to transact to rebuild lost value following the failure of Activision management to ensure safety and integrity in the workplace. New crisis.”
“But we note that since at least last July, Activision employees have boldly called for an end to harassment and retaliation at the company and for them to play a decisive role in reshaping corporate culture in the future.”
“Only by engaging creatively with its employees – a property activation can not be sold, but the company can not function without it – we hope the company can start a real improvement and regain investor confidence in its reputation and its operations.”
“We invite you to join us in rejecting Microsoft’s proposed merger and to elect a new and talented board of directors at next year’s Activision Please Sort.”
Recently, we also found out that the Governor of California was accused of interfering in a case against Activision.
