A whirlwind of news has followed the Microsoft giant Repurchase notice by Activision Blizzard, one that costs nearly $70 billion. It’s an incredible deal, and Microsoft will deliver a long list of three-A franchises, as well as a company steeped in workplace worries. Activision Blizzard has been controversial for the past six months, with statement of sexual misconduct and the boy’s culture is rampant. Many people have called out the company due to embarrassing problems, and shareholders have many times recommended CEO Bobby Kotick resigns. Kotick didn’t seem to want to budge. But according to The Wall Street Journal, Kotick is reportedly leaving Activision Blizzard once the acquisition is complete.
However, this is not what Microsoft announced in a press release Tuesday morning. Based on a press release: “Bobby Kotick will continue as CEO of Activision Blizzard, and he and his team will maintain their focus on advancing efforts to further strengthen the company’s culture and promote accelerate business growth,” the statement read. “Following the close of the agreement, Activision Blizzard’s business will report to Phil Spencer, CEO, Microsoft Gaming.”
Despite that, sources told The Wall Street Journal that Kotick will leave Activision Blizzard once the deal is finalized. The closing timeline is fiscal year 2023, placing it sometime between July 2022 and June 2023.
A change of tone
In terms of profits, Microsoft’s acquisition of Activision Blizzard is a sharp move, but it doesn’t do much for the troubled office culture that is already prevalent in the company. Labor organizer will continue to fight against a hostile work environment. Microsoft is aware of this lack of company culture, regardless of language, this morning. In a corporate investor call Today, Microsoft is aware of the pressure behind the necessary changes.
“This is hard work,” said Satya Nadella, Microsoft CEO. “It requires consistency, commitment and leadership that is not just talking but walking. That’s why we believe it’s so important for Activision Blizzard to promote its commitment to a culture of innovation. We support the purpose and work that Activision Blizzard is doing, and we recognize that once it’s over, we’ll have a lot of work to do to continue building a culture where everyone has can do their best work. ”
https://www.pcinvasion.com/activision-blizzard-ceo-bobby-kotick-is-reportedly-expected-to-leave-after-microsoft-deal-closes/ Bobby Kotick is expected to leave Activision Blizzard after the deal with Microsoft