Activision-Blizzard introduced immediately that its long-term CEO Bobby Kotick is stepping down from the position.
After 32 years on the firm, Kotick will formally step again from the corporate on December 29, 2023. This comes two months after Microsoft formally acquired Activision-Blizzard in a $69 billion deal in October.
The acquisition marked an enormous enhance to Microsoft’s gaming arm, beforehand restricted to Xbox, as the corporate sought to compete with Sony and Nintendo.
Activision-Blizzard is just not with out its controversies, nevertheless. The final two years have seen the corporate embroiled in a sexual harassment and discrimination lawsuit, finally coming to a detailed on December 18 as Activision-Blizzard settled for around $54 million.
Though Kotick defended his firm in an interview with Variety, sustaining that Activision-Blizzard had “each potential type of investigation completed” and that they “didn’t have a systemic difficulty with harassment — ever”.
Kotick’s departure was introduced by way of a public-facing memo to the corporate, complimenting Xbox boss Phil Spencer and stating that, “as we transfer into our subsequent thrilling chapter, you might not be in higher fingers.”
“I’ll at all times be profoundly grateful to the individuals who contributed tirelessly to constructing this firm and I’m assured you’ll hold inspiring pleasure and uniting folks by way of the facility of play,” Kotick continued.
What’s Bobby Kotick’s web price?
Now leaving the corporate, Kotick remains to be set to make a tidy sum from the Microsoft acquisition. Because it stands, Kotick’s web price is round $600 million, in response to Celebrity Net Worth.
What’s extra, the Verge reviews that Kotick is estimated to obtain greater than $375 million in compensation following Microsoft’s acquisition of Activision Blizzard.
With some free time now on his fingers, the businessman is rumored to be eyeing up an investment into UK football, with a possible buy-in to West Ham United
Featured picture: Flickr/Tarcil Tarcil by way of CC 2.0 Licence