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 Under News

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.

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