Today, Microsoft completed its historic acquisition of Activision Blizzard $68.7 billion. At the same time it was announced that CEO Bobby Kotick is retiring this year.
Controversial Activision boss Bliizard will step down at the end of the year. He will now help with the transition and report to Microsoft’s head of gaming, Phil Spencer.
“We both look forward to working together to seamlessly integrate our teams and players,” added Kotick on working with Spencer. The remaining members of the board also resigned from their positions today.
Source: Microsoft / Activision Blizzard Activision Blizzard with Call of Duty, Diablo and mobile hits belongs to Microsoft
Bobby Kotick was the CEO of Activision from February 1991 to July 2008. After the merger with Vivendi Games, he became the CEO of Activision Blizzard. In November 2021, Kotick found himself at the center of a major scandal, and Spencer did not rule out the possibility of resisting him as president and CEO when Microsoft took over AB, although Kotick was never convicted.
Kotick has been accused of supporting or ignoring multiple incidents of harassment and toxic behavior by some executives at studios within Activision Blizzard. He has been called to leave regularly since October 2021. Moreover, all this time the company behind Call of Duty and Diablo has been plagued by problems, including strikes, mass layoffs, layoffs and lawsuits.
Kotick needn’t be too sad. It is to receive a bonus in the amount of 375 million dollars for closing the acquisition. He reportedly stands to receive at least an additional $265 million for ending early. Unless he agreed otherwise with Microsoft.
2023-10-13 14:01:36
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