Overview
- In a December filing made public this week, former Activision Blizzard CEO Bobby Kotick filed an Answer denying AP7’s allegations and added counterclaims asserting the suit served Embracer’s interests.
- Kotick points to AP7 vice chair Emma Ihre, a former Embracer executive, as part of a theory that the case sought collateral harm to Activision to benefit a competitor.
- Embracer rejects any link to the litigation, stating there was no coordination with AP7 and that it did not need help from a Swedish pension fund to compete with Activision.
- AP7’s 2022 Delaware complaint challenges Microsoft’s $69 billion deal, alleging the sale was hastily arranged after misconduct reports and a 2021 stock decline, including a $95-per-share price.
- Kotick also alleges the CWA filed “fake” complaints to create a perception of systemic issues, while records note Activision settled an EEOC case in 2021 with an $18 million fund without admitting wrongdoing.