EPTBlizzard Activision Sued Over Company Culture - Page 28
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{CC}StealthBlue
United States41117 Posts
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{CC}StealthBlue
United States41117 Posts
Microsoft is nearing a deal to buy Activision Blizzard, the video game maker behind the “Call of Duty” franchise, in what would be the U.S. technology giant’s largest-ever takeover, people with knowledge of the matter said, Bloomberg News reports. The transaction could be announced as soon as Tuesday, the people said, asking not to be identified because the information is private. Source | ||
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{CC}StealthBlue
United States41117 Posts
With three billion people actively playing games today and fueled by a new generation steeped in the joys of interactive entertainment, gaming is now the largest and fastest-growing form of entertainment. Today, Microsoft Corp. announced plans to acquire Activision Blizzard Inc., a leader in game development and interactive entertainment content publisher. This acquisition will accelerate the growth in Microsoft’s gaming business across mobile, PC, console and cloud and will provide building blocks for the metaverse. When the transaction closes, Microsoft will become the world’s third-largest gaming company by revenue, behind Tencent and Sony. The planned acquisition includes iconic franchises from the Activision, Blizzard and King studios like “Warcraft,” “Diablo,” “Overwatch,” “Call of Duty” and “Candy Crush,” in addition to global eSports activities through Major League Gaming. The company has studios around the word with nearly 10,000 employees. “Gaming is the most dynamic and exciting category in entertainment across all platforms today and will play a key role in the development of metaverse platforms,” said Satya Nadella, chairman and CEO, Microsoft. “We’re investing deeply in world-class content, community and the cloud to usher in a new era of gaming that puts players and creators first and makes gaming safe, inclusive and accessible to all.” Source | ||
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emperorchampion
Canada9496 Posts
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{CC}StealthBlue
United States41117 Posts
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CDRdude
United States5625 Posts
On January 18 2022 23:06 {CC}StealthBlue wrote: Who knows. But now that Microsoft has announced plans to buy Activision does that mean Microsoft can shitcan Bobby Kotick after the takeover is complete? Kotick's stock/payout deal if he leaves was with the board of Activision not Microsoft... I found a different article that says that Kotick will stay on as CEO of Activision-Blizzard: https://www.gamedeveloper.com/business/microsoft-buying-activision-blizzard-in-68-7b-deal | ||
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Zambrah
United States7393 Posts
I imagine a world where employees unionize and Microsoft backs out | ||
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Excludos
Norway8281 Posts
On January 18 2022 23:11 CDRdude wrote: I found a different article that says that Kotick will stay on as CEO of Activision-Blizzard: https://www.gamedeveloper.com/business/microsoft-buying-activision-blizzard-in-68-7b-deal The wording is a bit weird in the official statement. It's: Bobby Kotick will continue to serve as CEO of Activision Blizzard followed by Once the deal closes, the Activision Blizzard business will report to Phil Spencer, CEO, Microsoft Gaming I'm not sure if that refers to two different things, and Kotick will stay in his role, or if that means Kotick will stay only until the deal closes. I think it's the latter, as you generally don't want two CEOs | ||
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{CC}StealthBlue
United States41117 Posts
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JimmyJRaynor
Canada18030 Posts
On December 12 2021 07:24 WombaT wrote: It’s better when people just leave jobs if there’s unacceptable conduct exhibited. Also Bobby Kotick is a genius Welcome to the software dev industry in NA man. Based upon your frequent rebuttals to my advice I gather you've never worked in the software dev industry in NA? Moving from job to job is general advice for any one regardless of how they are treated.Almost no one I graduated with eleven years ago is still with the same place. Most have worked for 3+ places by now. The few exceptions are a couple of guys who started their own shop right out of school. The biggest and best software engineering school in Canada has its students moving across Canada and the USA 3 times a year for 5 years. The students work and/or go to school full time for 51 weeks a year. I just completed a 4 week stretch working 250 hours. This is life in software development. Meh. The software development industry is not the USSR. If someone does not like it they can get a different kind of job. | ||
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{CC}StealthBlue
United States41117 Posts
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Velr
Switzerland10985 Posts
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Excludos
Norway8281 Posts
On January 18 2022 23:35 {CC}StealthBlue wrote: Again if he stays till the transition is complete then what is stopping MS from just tossing him to the curb? His entire payout portfolio is with Activision and MS doesn't have to do anything in regards to that once they complete the merger. Nothing, he will be tossed to the curb as far as I understand. There's really no reason to have two CEOs, especially when one of them is so full of controversy as Bobby is. As someone mentioned above, he's also nearing 60, and has more than enough to live off of for the rest of his life (+whatever cashout he might get, depending on his contract), so he's prolly fine with it himself | ||
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{CC}StealthBlue
United States41117 Posts
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Sbrubbles
Brazil5776 Posts
On January 18 2022 23:35 {CC}StealthBlue wrote: Again if he stays till the transition is complete then what is stopping MS from just tossing him to the curb? His entire payout portfolio is with Activision and MS doesn't have to do anything in regards to that once they complete the merger. He's the CEO, so he certainly has a lot of leeway in negotiating the conditions of the acquisition, no? For all we know, he might have put a golden parachute there for himself. | ||
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{CC}StealthBlue
United States41117 Posts
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JimmyJRaynor
Canada18030 Posts
 On January 18 2022 23:39 Excludos wrote: Nothing, he will be tossed to the curb as far as I understand. There's really no reason to have two CEOs, especially when one of them is so full of controversy as Bobby is. As someone mentioned above, he's also nearing 60, and has more than enough to live off of for the rest of his life (+whatever cashout he might get, depending on his contract), so he's prolly fine with it himself How much stock does Kotick own? I think Kotick just made enough money today to start his own country. | ||
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Excludos
Norway8281 Posts
On January 18 2022 23:56 JimmyJRaynor wrote: He was negotiating with M$ when he promised he'd step down if things did not improve. How much stock does Kotick own? I think Kotick just made enough money today to start his own country. Not quite sure. He had a 25% of Activision before it merged with Blizzard. I'm also not sure if he's sold anything since then. It's safe to say he has enough to live comfortably | ||
Kipsate
Netherlands45349 Posts
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JimmyJRaynor
Canada18030 Posts
On January 18 2022 23:24 JimmyJRaynor wrote: How old is Kotick now? 60? I guess he just cashed out. yep, he cashed out. $95/share. WOW. https://www.cnbc.com/2022/01/18/microsoft-to-buy-activision.html | ||
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