On November 16, The Wall Street Journal reported that Activision Blizzard CEO Bobby Kotick was aware of sexual assault and misconduct allegations that occurred at the company but did not disclose that information to the company’s board of directors. Just three days later, on November 19, Microsoft Gaming CEO Phil Spencer took the initiative call with Kotick would lead to Microsoft’s acquisition of Activision Blizzard for $68.7 billion.
These details and more have been revealed in a regulatory record was shared via CNBC and shows that Spencer discussed “another topic” before telling Kotick that Microsoft wanted to talk to him about strategic opportunities between the two companies.
“On November 19, 2021, during a conversation on another topic between Mr. Spencer and Mr. Kotick, Mr. Spencer said that Microsoft was interested in discussing strategic opportunities between Activision Blizzard and Microsoft and asked if it was Is it possible. There will be a call with Mr. Nadella the following day. Mr. Kotick has agreed to participate in such discussion,” the filing reads. “During a call on November 20, 2021, between Messrs. Kotick and Nadella, Mr. Nadella indicated that Microsoft is interested in exploring a strategic combination with Activision Blizzard.”
On November 18, Spencer sent an e-mail to the employee stating that he “disturbed and deeply disturbed by the terrible events and actions” at Activision Blizzard and that he is “evaluating all aspects of our relationship with Activision Blizzard and making ongoing proactive adjustments.”
On November 26, Microsoft made an initial offer of $80 per share — that would be 32% more than Activision Blizzard’s share price on November 25 — but the two companies will trade. volume and price will increase to $95 per share.
While the deal was officially announced on January 18, The filing states that Kotick contacted “several other companies prior to the announcement,” and an unnamed person even discussed buying the Blizzard portion of Activision Blizzard or building parts or all of Activision Blizzard. in private mode.
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Elsewhere in the filing, it is also said that Microsoft will have to pay anything between $2 billion and $3 billion if the deal goes through due to “orders stemming from antitrust laws.” In addition, a listing of “stocks of Activision Blizzard common stock that are beneficially owned” shows that Kotick currently owns 4,317,285 million shares. If he leaves the company and gets acquired, he could earn, at $95 per share of $410,142,075.
The WSJ previously noted that sources familiar with the agreement said that Kotick will leave the company after completing the deal as it ends in the fiscal year ending June 30, 2023.
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https://www.ign.com/articles/microsoft-approached-activision-about-a-potential-acquisition-days-after-bobby-kotick-report Microsoft approached Activision Blizzard about the acquisition just 3 days after Bobby Kotick’s report