this post was submitted on 14 Oct 2023
757 points (99.0% liked)
Technology
60071 readers
3536 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
This is the best summary I could come up with:
It's "a massive change for the video game industry," Schreier writes, which seems almost restrained, given Kotick's longevity and recent history.
Kotick, who has led Activision for more than 30 years and orchestrated its merger with Blizzard, had considered stepping down in late 2021.
Activision was also sued by its shareholders and pressured by state treasurers over its secrecy and responses regarding the California lawsuit.
In early 2022, Microsoft announced its intent to buy Activision, and the timing, according to reports from Bloomberg and the Wall Street Journal, was not a coincidence.
Kotick told VentureBeat after the Microsoft announcement that he didn't believe the harassment and mismanagement accusations hurt the company's stock.
He cited delays in shipping Overwatch and Diablo titles, along with Call of Duty's sales performance.
The original article contains 376 words, the summary contains 128 words. Saved 66%. I'm a bot and I'm open source!