Microsoft to Pay $250 Million to End Activision Deal Case (2)

Microsoft Corp. agreed Friday to pay $250 million to end shareholder litigation over its $75.4 billion acquisition of Activision Blizzard Inc., according to court filings.

The agreement, filed in Delaware’s Chancery Court, would resolve claims that former Activision chief executive Bobby Kotick and other board members signed off on a heavily discounted transaction to get out from under the sexual harassment crisis engulfing the gaming behemoth. A judge let the case move forward against them last October, though she rejected allegations that Microsoft exploited the scandal by colluding with them to drive down the deal price.

The lawsuit, filed ...