Although the language in the press release is vague, Kotick is not expected to remain with the company once the deal closes, according to a source.The intrigue: The press release notes that "Bobby Kotick will continue to serve as CEO of Activision Blizzard" and that "once the deal closes" the Activision Blizzard business will report to Phil Spencer, who is being promoted to CEO of Microsoft Gaming. It's Microsoft's largest ever acquisition, far topping the company's $26.2 billion purchase of LinkedIn in 2016.Ä«etween the lines: The deal is likely to face regulatory scrutiny given Microsoft's size and the size of the deal.Why it matters: The move comes as Activision Blizzard has faced a wave of accusations of workplace harassment. Microsoft announced Tuesday it plans to acquire video game giant Activision Blizzard for $68.7 billion in cash.
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