Bobby Kotick will step down as CEO of Activision Blizzard on December 29, 2023, according to an internal memo from Xbox head Phil Spencer. Humam Sakhnini, Lulu Meservey, and several other executives will also leave, while Thomas Tippl, Mike Ybarra, and Tjodolf Sommestad will remain and report to Matt Booty, Microsoft’s president of gaming content and studios. Kotick has been with Activision since 1991 and oversaw popular franchises like Call of Duty and Candy Crush. The company has faced lawsuits and settlements related to sexual harassment, but Microsoft’s acquisition of Activision Blizzard, valued at $69 billion, has been approved after 21 months of legal battles. Kotick is expected to make $375 million from the acquisition.
Related Posts
Elon Musk Ordered to Testify in SEC’s Twitter Investigation
- admin
- December 15, 2023
- 0
Elon Musk’s attempts to avoid further testifying for the Twitter-takeover investigation have hit a roadblock. In a San Francisco hearing, a federal judge rejected Musk’s […]
Massive $61 Billion Merger between Broadcom and VMware Successfully Completed
- admin
- November 23, 2023
- 0
Broadcom has successfully completed its $61 billion acquisition of VMware after extensive regulatory scrutiny, the company announced in a press release. China’s recent approval with […]
Apple’s Experiment with App Store Discounts
- admin
- December 18, 2023
- 0
Apple is piloting a new App Store feature called contingent pricing to offer discounts on subscriptions based on a customer’s existing purchases. This model allows […]