Bobby Kotick, the longtime CEO of video game powerhouse Activision Blizzard, will resign on Dec. 29. The move follows the company’s acquisition by Microsoft, which closed in October for $68 billion after a long fight with federal regulators.
It also comes just 5 days after the company agreed to pay $54 million to settle a massive employment discrimination and equal pay lawsuit filed by the state of California.
In a memo to employees, Phil Spencer, head of Microsoft’s video game division that oversees Activision Blizzard, said, “I’d like to thank Bobby—for his invaluable contributions to this industry, his partnership in closing the Activision Blizzard acquisition and his collaboration following the close—and I wish him and his family the very best in his next chapter.”
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