Activision Blizzard CEO Bobby Kotick talked about Microsoft’s proposed acquisition of the video game company and also addressed regulatory scrutiny of the proposed deal.
that it and Microsoft are "continuing to engage with regulators reviewing the transaction and are working toward closing it in Microsoft’s fiscal year ending June 30, 2023, subject to obtaining required regulatory approvals and satisfaction of other customary closing conditions."
Robert"Bobby" Kotick, chief executive officer of Activision Blizzard Inc., smiles during the annual Milken Institute Global Conference in Beverly Hills, Calif., May 2, 2016. The company generated $2.33 billion in net revenues during the fourth quarter, a nearly 8% increase from the $2.16 billion reported in the same three-month period the prior year. Its net income, meanwhile, narrowed to $403 million from $564 million.Phillip Nieto contributed to this report.
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