Site Esports Observer recently reported that the Board of Directors at Major League Gaming (MLG) have approve an asset purchase agreement that hands Activision Blizzard “substantially all” of the company’s assets.
The site continues to report that the sale was approved as a “corporate action taken without a stockholders’ meeting by less than unanimous written consent” of all stockholders. Those stockholders not involved in the decision were made aware of the decision by letter on 22 December.
Contrary to the claim, Series B shareholder Scott Smith says he was only confirmed after the transaction had been made.
I have Series B shares in MLG due to the Gotfrag buyout and I was only notified about this sale earlier today, not sure about others.
— Scott Smith (@SirScoots) January 1, 2016
The site continues to allege that MLG CEO Sundance DiGiovanni has been replaced by former MLG CFO Greg Chisholm.