Microsoft Merger Officially Closed – Bobby Kotick to Stay on Throughout 2023
As of around 9am Eastern time, the $68.7 billion sale of Activision Blizzard to Microsoft has officially closed, marking the end of a 21-month struggle with regulators and the largest tech acquisition in history!
Alongside this news, Activision Blizzard CEO Bobby Kotick released a message to employees, celebrating their hard work and the growth of the company he helmed for more than thirty years. Noting successes with the development and publication of iconic games like Pitfall, MechWarrior, Warcraft, StarCraft, Call of Duty, Candy Crush, and more, Kotick shared his commitment to remain with his company as CEO during a transition period through the end of 2023.
While the wording suggests he will then depart the company for good, the future is left somewhat uncertain. For the time being, he will report to the head of Microsoft Gaming Phil Spencer, although Kotick had previously stated his desire to remain working with Microsoft in whatever capacity they would have him. In separate interviews with Gamesbeat and New York Times, the business giant said “Post close I will be available as needed,” and that “reporting to Phil is an easy thing to do.”
Combining with Microsoft will enable us to deliver more fun, more joy, and more connection to more players, Activision Blizzard CEO Bobby Kotick writes.
Head of Microsoft Gaming Phil Spencer echoed this in his own message to Microsoft employees, celebrating the close of the record breaking sale. Additionally, Activision Blizzard corporate news released a separate message to fans and employees, looking forward to their next adventure as an official part of the Microsoft family.