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
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).
Closing column remains in play, now with “Change of Control” on the table. https://t.co/sAX1lRx6Tz
— Stephen Totilo (@stephentotilo) January 18, 2022
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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