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‘He’s anticipated to depart in 2024 after aiding in the transition to Microsoft’s acquisition.’
Microsoft’s acquisition of Activision Blizzard for $67.8 billion has raised questions about the future of Activision Blizzard CEO Bobby Kotick. However, with the deal now complete and Activision Blizzard officially under Microsoft’s ownership, Kotick’s role is becoming clearer.
In a memo to employees, Kotick expressed his commitment to assisting with the transition and stated that he would continue to lead the company until the end of 2023. He will report to Microsoft Gaming CEO Phil Spencer and looks forward to working together on integrating the teams and serving the players.
Although it is widely expected that Kotick will step down from his position in January 2023, Activision Blizzard has not confirmed an exact departure date. Nevertheless, his contract runs until April.
Changes are also anticipated in the leadership of Activision Blizzard. In his memo to the company’s staff, Phil Spencer mentioned that updates on the new organizational structure will be shared in the coming months.
Kotick has been a controversial figure during his tenure as CEO, facing criticism for his focus on monetization and allegations of mistreatment of employees. The company has faced legal challenges, including a lawsuit from the California Civil Rights Department, which accused Activision Blizzard of fostering a culture of discrimination and harassment.
Amid the turmoil surrounding the company’s workplace culture, Microsoft’s acquisition of Activision Blizzard was driven by concerns over the toxic environment and its impact on the company’s stock price. Activision Blizzard employees have voiced their demands for Kotick’s resignation, and shareholders voted to allow him to keep his board seat.
Kotick’s departure from Activision Blizzard is expected to result in a substantial payout for him, including a reported $375.3 million from the sale to Microsoft and a $14.6 million golden parachute.
Overall, the completion of the acquisition marks a significant milestone in the gaming industry, with Microsoft now holding one of the largest gaming companies under its umbrella.