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Posts tagged Bobby-Kotick

Activision CEO Bobby Kotick was nearly fired in 2013

Vivendi, Activision's controlling shareholder in 2013, wanted to fire CEO Bobby Kotick, as revealed in emails that are part of a lawsuit filed by Activision investors (via Bloomberg). During negotiations for Activision to buy the majority of its own shares back from Vivendi in 2013, Kotick refused...

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Activision spending $500 million on Destiny

Activision Blizzard CEO Bobby Kotick is quoted recently as saying that the company is "making a $500 million bet" on Destiny, as reported by Reuters. The quote has caught fire for dwarfing the alleged $260 million Take-Two Interactive spent to "develop, produce and market" Grand Theft Auto 5....

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Destiny to be 'best-selling new IP in history' according to Activision [update]

Activision is dreaming big for Bungie's Destiny, dubbing it the "next billion dollar franchise." Activision CEO Bobby Kotick echoed the projection, telling investors during today's earnings call that the publisher expects "Destiny will become the best-selling new video game IP in history." Destiny,...

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Activision completes purchase of itself from Vivendi

Activision's buyback of $8.2 billion of its own shares from Vivendi has been completed, the publisher announced today. It was just yesterday that the Delaware Supreme Court overturned a September ruling that halted the purchase, which followed a lawsuit by an Activision Blizzard shareholder in...

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Activision to buy $8.2 billion of its own shares from Vivendi on Oct. 15

Activision is free to buy back its own shares from current parent company Vivendi, now that the Delaware Supreme Court has overturned a ruling that prevented the deal from going down. The transaction is expected to be completed on October 15. Activision will buy 429 million of its own shares...

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Activision to appeal halted Vivendi deal on October 10

Activision Blizzard is set to appeal the Delaware Supreme Court's decision to halt its $8.2 billion share purchase from controlling corporation Vivendi, Reuters reports. Activision aims to buy itself back from Vivendi through share purchases spearheaded by the company itself and an investor...

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Kotick: Tencent a 'passive investor' in Activision Blizzard buyback

Activision Blizzard CEO Bobby Kotick stated in an early-morning conference call that Tencent's participation in the buyback from Vivendi is merely a sign of the company's "enthusiasm." Within last night's announcement of Activsion Blizzard's $8 billion buyback from Vivendi, it was noted that a...

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Activision's Kotick is now among the highest-paid CEOs in the US [Update]

Activision CEO Bobby Kotick is now among the highest-paid CEOs in the United States, Bloomberg reported. According to a document filed to the SEC, Activision increased Kotick's compensation to $64.9 million in 2012. The majority of Kotick's earnings came from stock awards valued at $55.9 million....

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Kotick on why firing West, Zampella was easy, turning down a CoD film

Activision CEO Bobby Kotick settled a lawsuit with former employees Jason West and Vince Zampella, both now of Respawn Entertainment, in May. Kotick fired West and Zampella in 2010, after learning they were going to bail on their contracts to sign under EA, Kotick said, and from there, his job was...

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Diablo 3 surpasses 10 million sold [Update: Expansion incoming, date unknown]

During today's Activision earnings call, CEO Bobby Kotick revealed that Blizzard's Diablo 3 has managed to sell over 10 million copies so far. "Year-to-date, Diablo 3 is the top-selling game overall based on enough meta, digital and retail sales in North America and Europe. Diablo 3 has sold...

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