In a surprising turn of events, Bobby Kotick, the long-standing CEO of Activision Blizzard, has announced his retirement, effective December 29th. This decision comes on the heels of Microsoft’s recent acquisition of Activision Blizzard in a massive $68.7 billion deal. As Kotick steps down, Microsoft’s President of Game Content and Studios, Matt Booty, will take on additional responsibilities within the company.
Kotick, who has been with Activision for nearly 33 years, wrote a heartfelt farewell message to his staff, reminiscing about his early days in the gaming industry and expressing pride in the company’s achievements under his leadership. He also acknowledged the significance of the merger with Microsoft, highlighting Phil Spencer’s appreciation for Activision Blizzard and their shared values. Kotick expressed confidence in the future of the company and commended his employees for their hard work.
Following Kotick’s retirement, a few other executives are set to leave the company. Chief Communications Officer Lulu Meservey will depart at the end of January, while Blizzard & King Vice Chairman Humam Sakhnini will leave at the end of December. More departures are expected in March.
Kotick’s tenure at Activision began in December 1990 when he purchased a 25% stake in the company alongside Brian Kelly. Since then, Activision has grown into a powerhouse in the gaming industry, owning popular franchises like The Call of Duty, Crash Bandicoot, and Tony Hawk Pro Skater. Despite facing numerous challenges, Kotick successfully led the company through mergers and acquisitions, most notably the 2008 merger with Blizzard Entertainment.
Microsoft’s acquisition of Activision Blizzard has set the stage for a promising future, as they aim to surpass Playstation in console sales. However, they still face tough competition from Nintendo and Sony. Only time will tell how this major industry shake-up will ultimately impact gamers and the gaming landscape as a whole.
FAQ
Q: Who is Bobby Kotick?
A: Bobby Kotick is the CEO of Activision Blizzard, a gaming company known for popular franchises like The Call of Duty, Crash Bandicoot, and Tony Hawk Pro Skater.
Q: When is Bobby Kotick retiring?
A: Bobby Kotick is set to retire on December 29th.
Q: Who will take over as CEO after Bobby Kotick?
A: Matt Booty, Microsoft’s President of Game Content and Studios, will take on additional responsibilities within Activision Blizzard.
Q: Are there other executives leaving Activision Blizzard?
A: Yes, Chief Communications Officer Lulu Meservey and Blizzard & King Vice Chairman Humam Sakhnini will be leaving the company.
Q: When did Bobby Kotick join Activision?
A: Bobby Kotick joined Activision in December 1990 when he purchased a 25% stake in the company.
Key Terms/Jargon
– CEO: Chief Executive Officer, the highest-ranking executive in a company.
– Acquisition: The act of one company buying or acquiring another company.
Suggested Related Links
– Microsoft
– Activision Blizzard
– Nintendo
– Playstation
– Sony
