Activision Blizzard documents reveal that CEO Bobby Kotick’s fate remains unclear after Microsoft acquisition

IT House April 19 news, if Activision Blizzard’s proposed sale to Microsoft goes through, will its CEO Bobby Kotick stay at the companystill one of the unresolved issues.

According to a recently released proxy document by Activision Blizzard with the U.S. government, it specifically mentioned that the management of Activision Blizzard and Microsoft have not discussed Bobby Kotick’s departure or retention.

Prior to the approval and execution of the Merger Agreement and its contemplated transactions, or after such approval and execution, as of the date hereof, there have been no discussions or negotiations with Microsoft between Microsoft and Mr. Kotick regarding employment arrangements following the closing of the transaction .

According to The Wall Street Journal, Kotick is leaving Activision Blizzard.Reports say the official line is that Kotick will temporarily stay as CEO at Activision Blizzard, but behind the scenes, Microsoft and Activision Blizzard management have agreed with Kotickleave after the transaction.

IT House previously reported that people familiar with the matter said that Activision Blizzard CEO Bobby Kotick was being investigated by the U.S. Department of Justice and the U.S. Securities and Exchange Commission (SEC) for allegedly participating in insider trading.

Microsoft and Activision Blizzard have both agreed that Kotick “will leave after the deal closes,” according to another person familiar with the deal, which may require 12 to 18 monthstime. If so, Kotick won’t come home empty-handed either.He owns nearly 4.1 million shares of Activision Blizzard, which are worth Microsoft’s $68.7 billion purchase price $388.9 million (about 2.471 billion yuan).