Activision Investors Are Calling For Investigation Into Bungie Split

Investors are concerned there may have been fraud involved in the proceedings.

Posted By | On 16th, Jan. 2019

We got some rather unexpected news late last week, when Bungie and Activision announced that they will be parting ways, with Bungie retaining full control of the Destiny IP going forward. For Bungie and Destiny fans, it was the best news possible, as Activision is commonly believed to have hamstrung the franchise with money minded decisions.

However, it seems that there is at least one group that is decidedly unhappy with how things have ended up playing out: Activision’s investors. In the wake of the announcement, Activision’s stock proceeded to take a beating, and while it has recovered somewhat since, it is still trading at a lower price than it was at before the announcement was made.

Now, KitGuru reports that Pomerantz LLP are investigating the split, suspecting fraud of some nature to have been involved in the proceedings. While we don’t have any actual insight into why they suspect that at all (it’s a pretty serious allegation to make, and not one that should be made lightly), if there turns out to be any substance to it, there could be trouble in it for Activision, and any Bungie personnel involved as well.

Hopefully, it turns out this is a false alarm, and the split was clean and legal.


Amazing Articles You Might Want To Check Out!

Keep On Reading!

Dragon Ball: Sparking! ZERO DLC Will Add 8 New Characters on April 24

Dragon Ball: Sparking! ZERO DLC Will Add 8 New Characters on April 24

Daima Character Pack 1 will add several new playable fighters in the form of Goku (Mini) Super Saiyan, several...

The Last of Us Season 2 Trailer Teases a Harrowing Episode 3

The Last of Us Season 2 Trailer Teases a Harrowing Episode 3

A new teaser offers glimpses of what's in store for the HBO series' next episode, after a game-changing episod...

Nintendo of America Boss on New 3D Mario for Switch 2: “Stay Tuned”

Nintendo of America Boss on New 3D Mario for Switch 2: “Stay Tuned”

Nintendo of America president Doug Bowser says he is "sure" Super Mario will "will make its way" to the Ninten...

PS6 Portable Can Run PS5 Games Without Work by Developers – Rumour

PS6 Portable Can Run PS5 Games Without Work by Developers – Rumour

Developers might still want to end up releasing an update for their games on the rumoured console to improve p...

Bethesda Confirms The Elder Scrolls 4: Oblivion Announcement for April 22nd

Bethesda Confirms The Elder Scrolls 4: Oblivion Announcement for April 22nd

The Elder Scrolls 4: Oblivion Remastered could finally be announced as Bethesda teases "All will be revealed" ...

Once Human Cross-Platform Progression Details Revealed, Out on April 23

Once Human Cross-Platform Progression Details Revealed, Out on April 23

The studio has revealed details surrounding what accounts players will need for Once Human's cross-platform pr...

OSZAR »