The Microsoft deal could make the current Activision Blizzard manager
Games

The Microsoft deal could make the current Activision Blizzard manager $290 million richer

portal Chronicle of Video Games said the deal with Microsoft could have a huge positive impact on the bank account of current Activision Blizzard CEO Bobby Kotick.

Image Credit: Activision Blizzard

Image Credit: Activision Blizzard

As a reminder, on Jan. 18, Microsoft announced plans to buy Activision Blizzard for $68.7 billion. It is understood that Kotik will leave the company due to a change in leadership once the deal is finalized.

Kotik is reported to be entitled to solid payments in the event of a no-cause layoff due to a change in company leadership – $292.97 million (as of December 2020).

Additionally, as of August 7, 2021, Kotick owned 3.9 million shares of Activision Blizzard with a total value (at a price of $95 per share) of more than $371 million, according to the US Securities and Exchange Commission.

It was previously reported that the Activision Blizzard purchase from Microsoft should be completed by June 30, 2023. Following the announcement, experts theories have been put forward as to how this deal will impact the gaming industry.

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About the author

Alan Foster

Alan Foster covers computers and games and all the news in the gaming industry.

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