Still-Activision CEO Bobby Kotick Discuses Acquisition Timing

A tweet from Jason Schreier shares a portion of an email to staff from Bobby Kotick where the Activision Blizzard CEO outlines the timeframe for the acquisition reported above. He says the company will continue to operate autonomously until the detail is consummated, which may not be until the (northern) summer of next year:
Transactions like these can take a long time to complete. Until we receive all the necessary regulatory approvals and other customary closing conditions are satisfied, which we expect to be sometime in Microsoft fiscal 2023 year ending June 30, 2023, we will continue to operate completely autonomously. I will continue as our CEO with the same passion and enthusiasm I had when I began this amazing journey in 1991.

Of course, this announcement will give rise to so many questions. We will host numerous forums and events to make certain we can address your concerns. I'm incredibly proud of this company, you, and the work we have done together. Now it's on to our next chapter and the endless possibilities this transaction represents for us. I couldn't be more appreciative of your efforts, focus, and the dedication to connecting the world through joy and fun.
View : : :
7 Replies. 1 pages. Viewing page 1.
Newer [  1  ] Older
7.
 
Re: Still-Activision CEO Bobby Kotick Discuses Acquisition Timing
Jan 18, 2022, 17:19
7.
Re: Still-Activision CEO Bobby Kotick Discuses Acquisition Timing Jan 18, 2022, 17:19
Jan 18, 2022, 17:19
 
"I will continue as CEO until I bank big bucks on the Microsoft acquisition."
- “The planet is fine. The people are fucked.” -George Carlin
Avatar 22380
6.
 
Re: Still-Activision CEO Bobby Kotick Discuses Acquisition Timing
Jan 18, 2022, 15:00
Rilcon
 
6.
Re: Still-Activision CEO Bobby Kotick Discuses Acquisition Timing Jan 18, 2022, 15:00
Jan 18, 2022, 15:00
 Rilcon
 
The going rumor on this is Kotick will be in place until the merger is complete, so about a year, and then get his standard issue ex-CEO golden parachute.

Firing Kotick without cause would apparently trigger a ~250mil automatic bonus.
5.
 
Re: Still-Activision CEO Bobby Kotick Discuses Acquisition Timing
Jan 18, 2022, 14:23
Kxmode
 
5.
Re: Still-Activision CEO Bobby Kotick Discuses Acquisition Timing Jan 18, 2022, 14:23
Jan 18, 2022, 14:23
 Kxmode
 
Overon wrote on Jan 18, 2022, 12:52:
How many billions is Kotick getting out of this?
ONE BEEEEEELION DOLLARS. Enough to buy a few sharks with laser beams attached to their heads.
"The present is a veil between anticipation and horror. Lift the veil... and madness may follow." source
Avatar 18786
4.
 
Re: Still-Activision CEO Bobby Kotick Discuses Acquisition Timing
Jan 18, 2022, 14:22
Kxmode
 
4.
Re: Still-Activision CEO Bobby Kotick Discuses Acquisition Timing Jan 18, 2022, 14:22
Jan 18, 2022, 14:22
 Kxmode
 
I think it would be a delicious irony for Microsoft to creep into Activision and give Bobby a taste of his own medicine. "What? You thought full-autonomy would be forever? You're a vassal, son. It's time to go."
"The present is a veil between anticipation and horror. Lift the veil... and madness may follow." source
Avatar 18786
3.
 
Re: Still-Activision CEO Bobby Kotick Discuses Acquisition Timing
Jan 18, 2022, 14:15
3.
Re: Still-Activision CEO Bobby Kotick Discuses Acquisition Timing Jan 18, 2022, 14:15
Jan 18, 2022, 14:15
 
Wouldn't be surprised to start seeing Actiblizz staff heading for the door in droves now.
"Some motherfuckers are always trying to ice skate up hill." - Blade
Avatar 25394
2.
 
Re: Still-Activision CEO Bobby Kotick Discuses Acquisition Timing
Jan 18, 2022, 14:00
2.
Re: Still-Activision CEO Bobby Kotick Discuses Acquisition Timing Jan 18, 2022, 14:00
Jan 18, 2022, 14:00
 
If I was Kotick I would just cash out, buy Guyana and do whatever weird shit I want.
Avatar 20018
1.
 
Re: Still-Activision CEO Bobby Kotick Discuses Acquisition Timing
Jan 18, 2022, 12:52
1.
Re: Still-Activision CEO Bobby Kotick Discuses Acquisition Timing Jan 18, 2022, 12:52
Jan 18, 2022, 12:52
 
How many billions is Kotick getting out of this?
7 Replies. 1 pages. Viewing page 1.
Newer [  1  ] Older