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Microsoft Merger Agreements Delaware General Corporation Law

Cadwalader, Wickersham & Taft LLP

Sjunde AP-Fonden v. Activision Blizzard Inc.: What May be Common May not be Right

In another impactful decision, the Delaware Court of Chancery in Sjunde AP-Fonden v. Activision Blizzard Inc. again stressed the importance of the statutory text of the DGCL to dismiss claims by the plaintiffs alleging that...more

Troutman Pepper

“Market Practice Needs to Check Itself” – A Reminder from the Court of Chancery that M&A Practitioners Must Strictly Abide by...

Troutman Pepper on

In Sjunde AP-Fonden v. Activision Blizzard, Inc., the Delaware Court of Chancery refused to dismiss claims against Activision Blizzard, Inc. (the company) and its board of directors (the board) that the board had violated,...more

A&O Shearman

Market Check: Lessons from The Activision-Microsoft Merger

A&O Shearman on

On February 29, 2024, the Delaware Court of Chancery issued an opinion on Sjunde AP-Fonden v. Activision Blizzard1 (“Opinion”) that called into question established market practices for mergers, including (i) the process for...more

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