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The Latest Breaking News from Bobby Kotick

In major video game company first, Activision Blizzard employees are joining a union

A subset of staff at the massive video game company Activision Blizzard voted to join the Communication Workers of America. The vote comes as Activision Blizzard is being purchased by Microsoft.

WEKU

Median CEO Pay Package Rose to $14.7 Million in 2021, a New High

The median pay package for chief executives of the biggest U.S. companies reached $14.7 million in 2021, setting a sixth-straight annual record as strong profits and robust markets boosted performance measures.

Bangkok Post

New NYC lawsuit spices up Microsoft's Activision acquisition

The suit alleges CEO Bobby Kotick rushed the Microsoft buyout to save himself.

Input

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Activision New York lawsuit: Your 3 biggest questions, answered

A new lawsuit out of New York presents yet another legal wrinkle in the ongoing saga of Activision Blizzard. Here's what the suit says, and what could happen.

Inverse

New York City is suing Activision Blizzard, insists CEO ‘rushed’ to secure Microsoft acquisition

The lawsuit alleges that Bobby Kotick and others are attempting to 'escape' liability.

USA Today Sports Media Group

New York City sues Activision, targeting CEO Bobby Kotick

The suit alleges a rushed takeover deal with Microsoft to escape liability

Axios

Activision Blizzard advises shareholders to vote against employee-elected board member, harassment report

ATVI shareholders requested a vote on allowing for an employee-elected board member and the creation of a report on the company’s continued problems with and actions to counteract sexual harrassment. The company says to vote against both.

USA Today Sports Media Group

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Activision Blizzard stockholders approve Microsoft buyout

Wall Street reportedly bets the deal will fail, though.

USA Today Sports Media Group

The rich haven’t just gotten richer – they’ve also gotten a lot more selfish

US billionaires now own a combined $4.7tn, according to a new analysis – but to Elon Musk, since he doesn’t have a yacht or own a home, that’s totally OK

The Guardian - US

Meta's Sheryl Sandberg allegedly leant on news site to drop stories about ex-boyfriend

The Daily Mail dropped two stories detailing Activision’s Bobby Kotich’s abuse of an ex after threats by Meta executive, WSJ reports

The Guardian - US

Top Meta Official Faces Internal Scrutiny For Doling Out Favours To Activision CEO Bobby Kotick

Meta Platforms Inc (NASDAQ: FB) COO Sheryl Sandberg faced internal scrutiny for allegedly pressing a U.K.

Benzinga

Activision Blizzard adding two senior women executives to its board

The board has been criticized for sticking by CEO Bobby Kotick amid allegations of the company's toxic culture.

Axios

The Weekly Wrap for Saturday, 2 April 2022

How do you lose $625,000,000 on a blockchain browser game? This week we are going to Axie Infinity, and beyond the realms of common sense.

inkl Originals

Activision insider trading investigation expands

If there's a real case to be made here, it would be the highest-profile in memory.

Axios

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Benzinga

Microsoft-Activision Deal Faces Regulatory Roadblock: WSJ

Four U.S. Senators sent a letter to the Federal Trade Commission citing concerns about Microsoft Corp’s (NASDAQ:MSFT) proposed acquisition of Activision Blizzard Inc (NASDAQ:ATVI), the Wall Street Journal reports. The Senators voiced concerns over undermining employees’ calls for accountability over alleged misconduct at the videogame giant. The deal could aggravate the barrage of sexual abuse, harassment, and…

Los Angeles Times

Activision Blizzard to pay $18 million to victims of harassment and discrimination

Activision Blizzard agreed to set up an $18-million fund for employees who experienced sexual harassment or discrimination, pregnancy discrimination or retaliation as part of a settlement with a federal employment agency on Tuesday.

Benzinga

Microsoft's Activision Acquisition Triggers Regulatory Subpoenas Over Workplace Harassment

The Wall Street Journal reports that federal and state regulators have broadened their investigations into Activision Blizzard Inc's (NASDAQ:ATVI) leadership role in handling workplace misconduct claims. State watchdog, The California Department of Fair Employment and Housing subpoenaed Activision's directors over its workplace issues. It also has subpoenaed police departments in the Los Angeles area…

The Guardian - UK

Pushing Buttons: the Microsoft-Activision deal is a chance to transform game development

In this week’s newsletter: whatever reservations we have about the merger, it’s a chance to bring meaningful, positive change for the people who actually make games

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Inverse

Activision employees on Microsoft deal: “We’re gonna be lost in the shuffle.”

Microsoft's purchase of Activision Blizzard is the biggest acquisition gaming has ever seen, and employees at the latter have mixed thoughts on what it means.

Input

Before Microsoft deal, Activision Blizzard considered Electronic Arts

Apparently, EA was too small for Activision Blizzard CEO Bobby Kotick's long-term goals.

Input

Activision CEO Bobby Kotick wanted to buy Kotaku, PC Gamer

Why work toward positive change when you can just silence naysayers instead?

Inverse

Sony Spartacus: Experts say a "bold move" is necessary after Activision-Microsoft deal

Three games industry experts reveal what the landmark deal means for Xbox, Sony, and the industry as a whole.

USA Today Sports Media Group

Bobby Kotick allegedly wanted to buy game sites Kotaku and PC Gamer

Activision Blizzard CEO Bobby Kotick purportedly considered acquiring gaming-trade sites to change public perception of the company.

USA Today Sports Media Group

Activision Blizzard CEO Bobby Kotick reportedly stepping down following Microsoft acquisition

The deal will likely take a while to close, though.

Input

Bobby Kotick may be on the way out after Microsoft’s Activision deal

Kotick will remain CEO of Activision Blizzard at least as long as the deal is still pending.

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People

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