Opinion
No. 497 2013.
2013-10-10
ACTIVISION BLIZZARD, INC., Philippe G.H. Capron, Jean–Yves Charlier, Robert J. Corti, Frederic R. Crepin, Jean–Francois Dubos, Lucian Grainge, Brian G. Kelly, Robert A. Kotick, Robert J. Morgado, Richard Sarnoff, Regis Turrini, Vivendi S.A., ASAC II LP, and ASAC II LLC, Defendants Below, Appellants, v. Douglas M. HAYES, on Behalf of Himself and all Others Similarly Situated and Derivatively on Behalf of Nominal Defendant Activision Blizzard, Inc., Plaintiff Below, Appellee.
Court Below—Court of Chancery of the State of Delaware, in C.A. No. 8885–VCL.
Before STEELE, Chief Justice, HOLLAND, BERGER, JACOBS and RIDGELY, Justices, constituting the Court en Banc.
ORDER
MYRON T. STEELE, Chief Justice.
This 10th day of October, 2013, it appears to the Court that:
IT IS HEREBY ORDERED that the Court unanimously concludes that the Court of Chancery's judgment must be REVERSED. We hold that there is no reasonable possibility of success on the merits. The Stock Purchase Agreement here contested is not a merger, business combination or similar transaction. An Opinion will follow in due course. A special form of mandate will issue today reserving jurisdiction in this Court solely for the purpose of issuing the Opinion.