Activision Blizzard’s longtime CEO Bobby Kotick will step down on Dec. 29 after the protracted $69 billion sale to Microsoft closed in October. The Director – who has overseen some of the industry’s most popular games Incidents Unpleasant Duty, World of Warcraft, look over, Candy Crush Saga And Farm hero saga – previously announced he would stay until the end of 2023.
“I want to thank Bobby – for his invaluable contributions to this industry, his partnership in completing the Activision Blizzard acquisition and his cooperation after closing – and I wish him and his family the best in his next chapter,” Microsoft said. Gaming CEO Phil Spencer wrote a memo Wednesday confirming Kotick’s departure date, according to press reports.
“I have long admired the work of Activision, Blizzard and King and the influence they have had on gaming, entertainment and pop culture. Whether it was the long nights playing it Diablo IV The campaign with friends from start to finish, with the whole family meeting weekly in the recreation room Guitar hero night or on an epic journey Candy Crush, some of my most memorable gaming moments come from experiences their studios have created. “It’s incredible to welcome such legendary teams to Xbox,” Spencer said in a blog post when the deal was finalized.
Microsoft’s biggest-ever acquisition was announced in January 2022, but has faced intense scrutiny in the US and Europe.
Kotick joined what was then Activision in 1991. In his email to employees today, he said, “I cannot fully express my pride in the people who continue to contribute to our success and in everyone who has helped me over my 32 years.” I “I have led this company for years,” Kotick wrote in the press release posted on Activision Blizzard’s website. “We are now part of the most admired company in the world. This is not an accident.”
The executive has been named as one of several wealthy individuals and companies eyeing Paramount Global as majority shareholder Shari Redstone investigates potential deals.
Source: Deadline
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