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Microsoft Settles Lawsuit
- Microsoft agreed to pay $250 million to settle AP7’s shareholder lawsuit in Delaware.
- The settlement provides shareholders who owned Activision shares between Jan 2022 and Oct 2023 a payment of 30 cents per share.
- Microsoft said it settled to avoid litigation costs, and neither party admitted wrongdoing.
- AP7 alleged former CEO Bobby Kotick rushed the $95-per-share sale amid harassment claims, while Kotick’s countersuit blamed AP7 for aiding competitor Embracer Group, a claim Embracer denied.
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