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Activision Blizzard’s controversial CEO, Bobby Kotick, will likely be stepping down from the corporate on the finish of 2023, it has been revealed. This information comes following the revelation that Microsoft has efficiently bought Activision Blizzard. As one of many greatest modifications to come back out the again of the deal, Bobby Kotick will keep on as CEO till the tip of the 12 months, at which level he’ll transfer on to no matter comes subsequent. However there’s an infinite payday headed his method.
Due to the sale of Activision Blizzard – and Kotick’s subsequent departure – he’ll choose up virtually $500 million. That’s principally from the sale of his shares in Activision Blizzard. He’ll be staying on the books till the tip of the 12 months to supervise the ‘transition’ interval that might convey a few sizeable restructuring, and through that point, he’ll be reporting on to Phil Spencer.
To The Subsequent Degree
Microsoft now owns Activision Blizzard – it was simply at present that the $69 billion acquisition was closed after a two-year-long saga that took the deal out and in of the courts. In a letter to Activision Blizzard, Bobby Kotick shared just a few heartfelt phrases:
‘Right this moment marks a milestone in our firm’s celebrated historical past. Combining with Microsoft will convey new sources and new alternatives to our extraordinary groups worldwide. It’s going to additionally allow us to ship extra enjoyable, extra pleasure, and extra connection to extra gamers than ever earlier than.
This second is feasible due to your efforts over 4 many years to innovate, encourage, and obtain.’
In a prolonged recounting of his historical past with Activision Blizzard, Kotick walked by way of every thing notable that he’d labored on with Activision Blizzard since starting his journey method again in 1991. From the introduction of Warcraft and StarCraft to Call of Duty and Guitar Hero, Activision Blizzard has had an infinite influence on the gaming trade, and all through all of it, Bobby Kotick sat on the high.
He could have been a controversial chief in recent times, however there’s no doubting the legacy he has created during the last three or so many years. He spoke about what’ll come subsequent:
‘I’ve lengthy mentioned that I’m totally dedicated to serving to with the transition. Phil has requested me to remain on as CEO of ABK, reporting to him, and we have now agreed that I’ll try this by way of the tip of 2023. We each look ahead to working collectively on a clean integration for our groups and gamers.
Brian and I couldn’t be extra excited for the following chapter for ABK. We now be a part of some of the profitable world firms, poised for unprecedented alternatives to attach the world by way of our video games. As part of Microsoft, we will likely be even higher, collectively.’
It’ll be very fascinating to see what comes subsequent – we will anticipate immense modifications in very close to future.
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