The Acquisition of Activision Blizzard King is Complete
The acquisition of Activision Blizzard King has been successfully completed, fulfilling Bobby Kotick’s final and ambitious goal as the controversial CEO of the company. Jason Schreier reported that Kotick will continue to lead the company during the transition period, supporting Microsoft Gaming executives as they take on new business responsibilities. However, he will step down from his position on January 1, 2024, 33 years after joining Activision.
Financial Reward for Kotick
Analyst Daniel Ahmad disclosed that Kotick will receive nearly $400 million in commissions, achieved objectives, and from the shares he owned in the company upon finalizing the deal with Microsoft. This substantial sum underscores the success of his efforts over the years.
Acknowledging the Moment
In acknowledgement of this significant moment, Phil Spencer shared a message welcoming the Xbox teams, marking the beginning of a new chapter in the company’s journey.
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