Bobby Kotick to continue as CEO of Activision Blizzard.
✖ In case you somehow missed the bombshell news this morning, Microsoft has announced plans to acquire Activision Blizzard and everything that entails like the Call of Duty, Warcraft, and Overwatch franchises as well as all the development studios under it in a deal worth $68.7 billion. And according to the announcement, longtime Activision Blizzard CEO Bobby Kotick will continue on in the role until the acquisition closes -- and, apparently, beyond.
The acquisition itself is expected to close in fiscal year 2023, assuming it makes it through regulatory and shareholder approval processes and the like, but until then the companies will continue to operate independently. According to the announcement, Kotick will, until things close,"continue to serve as CEO of Activision Blizzard, and he and his team will maintain their focus on driving efforts to further strengthen the company's culture and accelerate business growth.
— Activision Blizzard January 18, 2022 If the wording of that makes it seem a little questionable as to whether Kotick will continue to be with the company following the acquisition closing, that's because it is. But according to a new statement from Microsoft, Kotick will seemingly just... keep doing what he was doing, under Spencer, once that's done.
As noted above, Microsoft has entered into a deal to acquire Activision Blizzard for $68.7 billion. It is expected to close in the fiscal year 2023, subject to regulatory approval and so on. The Activision Blizzard acquisition is just the latest high-profile purchase by Microsoft. The acquisition of Bethesda Softworks parent company ZeniMax Media concluded in early 2021. You can check out all of our previous coverage of Microsoft in general right here.
0commentsWhat do you think about the announcement that Microsoft is acquiring Activision Blizzard? How about the fact that Kotick will apparently continue on as CEO of Activision Blizzard? Let us know in the comments, or feel free to reach out and hit me up directly over on Twitter at @rollinbishop to talk about all things gaming!
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Microsoft to buy Activision in $68.7 billion all-cash dealMicrosoft is buying video game maker Activision Blizzard. Activision CEO Bobby Kotick, Microsoft Gaming CEO Phil Spencer discuss the deal, the metaverse and more.
Read more »
Activision Blizzard continues to remove employees amid misconduct allegations | EngadgetActivision Blizzard continues to remove employees amid misconduct allegations
Read more »
Read Microsoft Gaming CEO’s email to staff about the Activision Blizzard acquisitionFormer Xbox chief is now the head of Microsoft Gaming.
Read more »
Microsoft to Swallow Activision Blizzard for $68.7 BillionThe deal will bring Microsoft hundreds of millions of gamers, according to the Xbox owner.
Read more »
Microsoft buys Activision Blizzard, maker of 'Call of Duty,' for $68.7 billionThe massive deal comes as Activision shares have plummeted in the past year as the company faces allegations of misconduct.
Read more »
Microsoft To Acquire Activision Blizzard In $68.7B Video Game BlockbusterMicrosoft is acquiring rival Activision Blizzard in a $68.7 billion deal that will reshape the video game sector. The all-cash transaction vaults Microsoft to the No. 3 spot among all global video …
Read more »