Is Kotik expected to leave Activision after 30 years?
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According to a report in the Wall Street Journal, and another Bloomberg Magazine report, Microsoft is expected to part ways with Bobby Kotick, who has been CEO of Activision Blizzard for some 30 years.
The gaming industry, a deal in which Microsoft acquired veteran gaming company Activision Blizzard for about $ 69 billion, left many questions: Will the media and competition authorities approve the deal? Will the Call of Duty game be exclusive to the Xbox? And what will happen to the CEO?
The controversial industry?
Now that we seem to be getting answers to some of the questions, the press is reporting that Kotik will not continue its path in the company after it merges into Microsoft.
The deal is expected to be signed only in 2023 and during this time Kotik will continue to serve as CEO and report to Phil Spencer who was previously promoted to CEO of Microsoft Gaming.
If you are short on Kotik then there is no need, Kotik's retirement package will be about $ 300 million, this is the biggest bonus that exists in his contract and it only happens if the company is sold to another company, a scenario that no one expected.
In addition, Kotik is the largest shareholder in the company and Microsoft will buy shares worth another $ 300 million from it, so that in total it will earn about $ 600 million from the deal.
Kotik's name has made quite a headline in the past year when the state of California reported a phenomenon of sexual harassment in a company that even caused the death of one of the facts.
The shock led to a series of lawsuits, the resignation of Blizzard's CEO and other company executives.
Many shareholders also demanded Kotik's own resignation but this did not happen.
Microsoft itself went against the company's handling of the cases and threatened to take action against Activision Blizzard. Its most threatening was to buy the company.
It is not yet known what will happen to the purchase agreements when they go through regulatory approval, the Microsoft-Activision deal makes Microsoft the third largest gaming company in the world and it could hurt competition.
While only three years ago the FCC approved the FCC A $ 71 billion Disney-Fox deal, the consensus is that the authority will approve the deal as well. .