Microsoft has finally completed the $68 million deal to acquire gaming studio, Activision Blizzard. The company has also announced that Bobby Kotick will continue his role as CEO at the company.
In a memo to employees (seen by Engadget), Kotick wrote that he is “fully committed to helping with the transition.” Kotick also said that he’ll remain at the helm “through the end of 2023” and will report to Microsoft Gaming CEO Phil Spencer.
“We both look forward to working together on a smooth integration for our teams and players,” Kotick wrote in the memo. However, Kotick is expected to step down from the role which has held for over three decades (as soon as January 1).
Activision Blizzard has declined to confirm an exact date for his departure. In any case, it is important to note that his contract is valid until April 2023.
Other expected changes at Activision Blizzard
Apart from this, other changes are also expected to take place at the top of Activision Blizzard. In another memo, to the publisher’s staff, Spencer wrote that “we will share more updates on our new organisational structure in the coming months.”
Bobby Kotick as Activision’s CEO
Kotick turned his company into a financially successful enterprise after convincing a group of investors to buy Mediagenic for a bargain-basement price in 1991. He restructured the company and restored its previous name Activision.
In 2008, following a string of successful games, acquisitions and investments, Kotick engineered a merger with the games division of Vivendi, which owned Blizzard.
Back in 2010, he was criticised for putting a heavy focus on monetising Activision Blizzard’s games as much as possible.
Kotick has long been one of the highest-paid CEOs in North America. In 2022, a Bloomberg report suggested that he is expected to make $375.3 million from the sale to Microsoft. He’s also likely to get a golden parachute payment of $14.6 million when he exits the company.
In a memo to employees (seen by Engadget), Kotick wrote that he is “fully committed to helping with the transition.” Kotick also said that he’ll remain at the helm “through the end of 2023” and will report to Microsoft Gaming CEO Phil Spencer.
“We both look forward to working together on a smooth integration for our teams and players,” Kotick wrote in the memo. However, Kotick is expected to step down from the role which has held for over three decades (as soon as January 1).
Activision Blizzard has declined to confirm an exact date for his departure. In any case, it is important to note that his contract is valid until April 2023.
Other expected changes at Activision Blizzard
Apart from this, other changes are also expected to take place at the top of Activision Blizzard. In another memo, to the publisher’s staff, Spencer wrote that “we will share more updates on our new organisational structure in the coming months.”
Bobby Kotick as Activision’s CEO
Kotick turned his company into a financially successful enterprise after convincing a group of investors to buy Mediagenic for a bargain-basement price in 1991. He restructured the company and restored its previous name Activision.
In 2008, following a string of successful games, acquisitions and investments, Kotick engineered a merger with the games division of Vivendi, which owned Blizzard.
Back in 2010, he was criticised for putting a heavy focus on monetising Activision Blizzard’s games as much as possible.
Kotick has long been one of the highest-paid CEOs in North America. In 2022, a Bloomberg report suggested that he is expected to make $375.3 million from the sale to Microsoft. He’s also likely to get a golden parachute payment of $14.6 million when he exits the company.
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