Microsoft today 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..
The controversial head of Activision Blizzard 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.” Kotick added about working with Spencer. The remaining board members also resigned today..
Bobby Kotick was 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 removing him from his position as president and CEO when Microsoft took over AB, although Kotick was never convicted.
Kotick has been accused of supporting or ignoring numerous instances of harassment and toxic behavior by some Activision Blizzard studio executives.. He has been regularly called upon to leave from October 2021. Moreover, all this time, the company behind Call of Duty and Diablo was plagued by problems, including strikes, mass layoffs, layoffs and lawsuits.
The cat shouldn’t be too sad. He will receive a bonus of $375 million for closing the deal. It is reported that he will receive at least an additional $265 million for early completion. Unless he has agreed otherwise with Microsoft.
Source :Indian TV
