by
William D’Angelo
, posted on 17 April 2022 / 2,640 Views
There was a report that once Microsoft’s acquisition of Activision Blizzard is completed and is part of Microsoft and Xbox, CEO of Activision Blizzard Bobby Kotick will step down.
Activision on Friday filed an updated Proxy Statement spotted by Axios journalist Stephen Totilo revealed there have been no discussions between Activision and Microsoft on Kotick’s employment status once the deal closes.
“No discussions or negotiations regarding post-closing employment arrangements with Microsoft occurred between Microsoft and Mr. Kotick prior to the approval and execution of the merger agreement and the transactions contemplated thereby, or have occurred subsequent to such approval and execution, through the date hereof,” the company said on April 15.
The filing mentions a request for information from the SEC and a grand jury subpoena from the Department of Justice, as both are looking into possible insider trading by people who are associated to Kotick ahead of the official announcement of Microsoft’s acquisition of the gaming giant.
A life-long and avid gamer, William D’Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let’s Plays and tutorials. You can contact the author at wdangelo@vgchartz.com or on Twitter @TrunksWD.
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