Since it was announced that microsoft had reached an agreement to acquire Activision for more than $68 billion dollars, there has been much speculation about what will happen to Bobby Kotickthe current CEO of the company and responsible for many resignations, as well as being known for covering up stalkers within the organization.
According to the latest reports, Activision Blizzard has modified one of its 8-K statements in which it ensures that Microsoft did not discuss what will happen to Bobby Kotick after the acquisition, so they do not yet have a plan in this regard. This change was detected by Stephen Totilo, of Axios.
No discussions or negotiations on post-closing employment arrangements occurred with Microsoft and mr. Kotick prior to the approval and execution of the merger agreement… have not succeeded subsequent to such approval and execution, to this day.”
Related: The Federal Trade Commission will investigate the agreement between Microsoft and Activision.
According to Activision Blizzard, when they discussed the agreement with Microsoft, what Bobby Kotick’s role will be once the transaction is finalized was not discussed, as it is known that Phil Spencer will be the company’s new CEO. Although both employees and investors have called for Bobby Kotick to resign, he has refused to do so.
In November of last year Bobby Kotick had said he was willing to resign if he couldn’t fix Activision Blizzard’s problems, but after the announcement of the agreement with Microsoft he hasn’t said anything like that again. Because of this, Bobby Kotick is expected to remain in his position until the transaction is finalized in the middle of next year.
Read more: Bobby Kotick hopes that Microsoft revives Guitar Hero and Skylanders.
A couple of weeks ago some US senators said they were “deeply dismayed” by the merger between Microsoft and Activision, saying the deal protects Bobby Kotick despite the fact that more than 1,800 employees have called for his resignation. Under the current deal, Bobby Kotick will retain his job through mid-2023 and is guaranteed hundreds of millions in earnings.