A new report claims that Bobby Kotick will still remain as Activision CEO if the Microsoft deal will fail.
Before, it was reported that Kotick was going to step down as a CEO if the deal pushes through. Now, a new report from Fox Business is saying the opposite thing. They report that according to their sources close to the situation, Kotick will absolutely remain at the gaming giant to run the company.
It was reported to shareholders in April 2022 that Kotick has not shared any of his plans before the acquisition announcement and still has not up to that point.
“No discussions or negotiations regarding post-closing employment arrangements with Microsoft occurred between Microsoft and Mr Kotick prior to the approval and the execution of the merger agreement and the transactions contemplated thereby, or have occurred subsequent to such approval and execution, through the date hereof,” says the report.
If Kotick does step down as CEO after the acquisition, Kotick will be getting hundreds of millions of dollars. He will still be getting money in the end.