Activision and Microsoft Haven't Discussed Bobby Kotick's Post-Merger Employment Status - News
by William D'Angelo , posted on 17 April 2022 / 3,062 Views
There was a report that once Microsoft's acquisition of Activision Blizzard is completed and is part of Microsoft and Xbox, CEO of Activision Blizzard Bobby Kotick will step down.
Activision on Friday filed an updated Proxy Statement spotted by Axios journalist Stephen Totilo revealed there have been no discussions between Activision and Microsoft on Kotick's employment status once the deal closes.
"No discussions or negotiations regarding post-closing employment arrangements with Microsoft occurred between Microsoft and Mr. Kotick prior to the approval and execution of the merger agreement and the transactions contemplated thereby, or have occurred subsequent to such approval and execution, through the date hereof," the company said on April 15.
On Friday, Activision added a line to its main filing about the planned sale to Microsoft, stressing that Microsoft and Bobby Kotick haven't discussed nor negotiated his post-merger employment status.https://t.co/w9N3sXZM2g
— Stephen Totilo (@stephentotilo) April 18, 2022
Hmmm pic.twitter.com/dWqhxj8TbG
The filing mentions a request for information from the SEC and a grand jury subpoena from the Department of Justice, as both are looking into possible insider trading by people who are associated to Kotick ahead of the official announcement of Microsoft's acquisition of the gaming giant.
A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. You can contact the author at wdangelo@vgchartz.com or on Twitter @TrunksWD.
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Role? His only role should be taking care that the door doesn't hit him once he leaves. There's no need to damage a good door.
Zero chance that he stays on long term. It wouldn't make sense. He's mega-rich, and he's been the big boss for many years. He doesn't want a job.
Also, there's no way that MS wants him and his baggage around while they clean up Activision.
It is possible he'll be around throughout the transition. So, maybe 12-18 months post-merger. But, I'd bet against even that. My guess is that he's gone within 6 months.
Yeah, that's all the more reason I think he'll exit quickly, once the merger closes. Everybody understands that he's connected to the problems with the culture at Acti.
Quite possibly if you look at the shares and profits before his tenure and for the time he been there it would have show he making more money to shareholders and that is all they care about.
Let`s just say MS can't at the same time claim they leave each studio, dev, pub to their own devices and also demand firing =p
probably dont want him mixed up in the news hopefully keeping quiet to get rid of him if the deal goes through
So the reports and leaks were fake? Who could know? It is very likely that Bonny is the one that made the merger work out.
There have been plenty claiming MS had an arrangement to sack him as soon as the merge is approved.
Agreed
I upvote u
Must be because MS have no power to fire him and Activision had no reason since they profited a lot with him.
