Last year, Activision Blizzard CEO Bobby Kotick formed an investor group to buy a large number of shares from Vivendi.
The deal resulted in multiple lawsuits from shareholders who believed they never received a fair chance to weigh in on the deal.
According to Gamasutra, Activision has now settled the lawsuits with a unspecified number of defendants as well as “multiple” insurance companies will pay Activision Blizzard $275 million.
Activision will also appoint two new board members, and adjust the shareholder voting rights. As is customary with a settlement, defendants (including Activision) will be released from the case’s claims.