Activision Blizzard is facing more legal issues. Two of the Santa Monica-based video game publisher’s own shareholders are suing the company over its pending acquisition by Microsoft—alleging that the deal unfairly benefits Activision insiders like CEO Bobby Kotick at the expense of public investors.
Here’s what else we’re reading in the news:
- Netflix’s Hollywood offices have a new landlord.
- After nearly going out of business multiple times, EV startup Faraday Future has finally made a car.
- Ukrainian leaders are calling on Tim Cook to block citizens of Russia from using the Apple App store.
- U.S. chipmaker Nvidia Corp is investigating a potential cyberattack.
Activision Shareholders Sue Over Microsoft Buyout
The Santa Monica-based video game developer is facing multiple new shareholder lawsuits alleging the Microsoft deal benefits Activision insiders at the expense of public investors.
SaveLive Raises $135 Million to Save Small Music Venues
The startup, launched by former WME talent agents, has expanded on the $75 million it previously raised to bail out pandemic-hit music clubs.
Netflix Doubles Down on Interactive Stories With Trivia Show 'Cat Burglar'
The streaming giant is trying out another interactive show with its new Looney Tunes-style cartoon.
'Raises': This Week in SoCal Startup and VC Funding News
Hydrogen sensor maker H2scan hauls $70 million in fresh capital, proptech investor Wilshire Lane lands $40 million for its first fund, and much more.
LA Tech 'Moves': MedMen Has a New CFO
Check out our weekly roundup of people moves across SoCal’s tech and VC scenes.
🎧 Listen up: How Theater Helped Ryan Serhant Build a Real Estate Empire
With a background in theater, Ryan Serhant learned to transfer his skills as an actor to become a real estate mogul.