Microsoft's acquisition of video game company Activision Blizzard for $68.7 billion has been the subject of heavy opposition since January this year. Therefore, it shouldn't come as a surprise that the two parties are now facing a new lawsuit, this time from a Swedish agency.
Sjunde AP-Fonden, a Swedish state-run pension fund, has sued the two parties and filed a 205-page complaint that accuses the two companies of collusion.
, the lawsuit alleges billion-dollar deal was "rigged to exploit the beleaguered gaming giant's sexual harassment crisis and protect its CEO," following allegations of sexual harassment, employment discrimination, and retaliation on the part of Activision Blizzard.
Moreover, the former and current members of the board, including CEO Bobby Kotick, are facing allegations of engineering an underpriced deal in exchange for terms that would see Kotick, who has been shrouded in controversy, remain CEO until the deal is complete.