As part of the buyout, Activision Blizzard CEO Bobby Kotick are resigning. Other high-ranking Activision Blizzard C-suite executives are leaving, too. Kotick will stay on through the end of 2023 and will report to Microsoft Gaming CEO Phil Spencer to help with the transition. Kotizck is reported to be getting a $400 million pay package as part of his eventual exit.
As a result of the Merger and pursuant to the Merger Agreement, each of Reveta Bowers, Kerry Carr, Robert Corti, Brian Kelly, Robert Kotick, Barry Meyer, Robert Morgado, Peter Nolan and Dawn Ostroff resigned and ceased to be directors of the Company and members of any committee or subcommittee of the Company’s Board of Directors as of the Effective Time, and Keith R. Dolliver and Benjamin O. Orndorff, who constituted the directors of Merger Sub as of immediately prior to the Effective Time, became the directors of the Company.
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