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Activision Blizzard CEO Bobby Kotick Reportedly Leaving the Company After Microsoft Acquisition is Complete

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Sources close to The Wall Street Journal say Activision’s long-time CEO Bobby Kotick will be stepping down after the acquisition by Microsoft is complete.

Microsoft today announced their acquisition of Activision, Blizzard, and King studios f…

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Sources close to The Wall Street Journal say Activision's long-time CEO Bobby Kotick will be stepping down after the acquisition by Microsoft is complete.

Microsoft today announced their acquisition of Activision, Blizzard, and King studios for $68.7 billion. Later came two official announcements surrounding the acquisition. The first one came from Microsoft and the second from Activision Blizzard.

Activision Blizzard CEO Bobby Kotick sent an e-mail to the staff about the acquisition. You can read an excerpt here.

The latest news about Bobby Kotick's departure comes from The Wall Street Journal. Apparently, the long-time CEO will leave the company when the deal closes.

Bobby Kotick, Activision’s longtime CEO, is expected to leave after the deal closes, according to people familiar with those plans. Microsoft had said in its announcement Tuesday that Mr. Kotick “will continue to serve as CEO of Activision Blizzard,” and that after the deal closes “the Activision Blizzard business will report to Microsoft gaming chief Phil Spencer. ” But the companies have agreed that he will depart once the deal closes, the people said.

In an interview Tuesday, Mr. Kotick didn’t specifically address his status after the deal closes, but said he has told Microsoft he will “always be available to ensure that we are going to have the very best integration.”

The Wall Street Journal

Source: News Latest Topics https://www.icy-veins.com/forums/topic/63693-activision-blizzard-ceo-bobby-kotick-reportedly-leaving-the-company-after-microsoft-acquisition-is-complete/

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