From the new line added to Activision Blizzard Main documents regarding its sale to MicrosoftCEO Bobby Kotick’s employment status after the merger has not been discussed.
As discovered by Stephen Totilo of Axios (thanks, VGC), whether Kotick will remain Activision Blizzard’s CEO still appears to be up in the air. The bank added to the company’s 8-K filing, claiming that there were no discussions about Kotick’s employment arrangements before the merger talks took place.
On Friday, Activision added a line about the planned sale to Microsoft in its main filing, stressing that Microsoft and Bobby Kotick have not discussed or negotiated his employment status after the merger.https://t.co/w9N3sXZM2g
— Stephen Totilo (@stephentotilo) April 18, 2022
“Prior to the approval and execution of the Merger Agreement and its contemplated transaction, or after such approval and execution, as of the date of this Agreement, there have been no discussions or negotiations with Microsoft between Microsoft and Mr. Kotick regarding employment arrangements following the closing of the transaction. ,” reads the line.
Whether Kotick will stay at Activision Blizzard as CEO has been the subject of much debate over the last year. He reportedly considered resigning at one point if allegations of sexual harassment, discrimination and broader cultural issues at the studio could not be “quickly resolved”. A report was also released claiming that Kotick had been aware of all allegations against the company over the years. It all stems from a two-year investigation that emerged last year in California that brought all of these allegations to light.
Activision Blizzard has struggled to position itself on the positive side last year after allegedly doing things like hiding damning numbers about workplace misconduct.
And in March, the company was hit with another lawsuit alleging discrimination and harassment, and overall, Kotick may not be a perfect fit for his role as CEO. The merger with Microsoft could take some time, so it’s unlikely we’ll know anytime soon if Kotick is here to stay.