Microsoft Approached Activision Blizzard About an Acquisition Just 3 Days After Bobby Kotick Report
On November 16, the Wall Street Journal reported that Activision Blizzard CEO Bobby Kotick knew about the sexual assault and misconduct allegations happening at the company but did not disclose that info to the company's board. Just three days later, on November 19, CEO of Microsoft Gaming Phil Spencer initiated a call with Kotick that would lead to Microsoft acquiring Activision Blizzard for $68.7 billion.
These details and more were revealed in a regulatory filing that was shared via CNBC and show that Spencer had been discussing "a different topic" before telling Kotick that Microsoft wanted to talk to him about strategic opportunities between the two companies.
"On November 19, 2021, in the course of a conversation on a different topic between Mr. Spencer and Mr. Kotick, Mr. Spencer raised that Microsoft was interested in discussing strategic opportunities between Activision Blizzard and Microsoft and asked whether it would be possible to have a call with Mr. Nadella the following day. Mr. Kotick agreed to participate in such discussion," the filing reads. "In a call on November 20, 2021, between Messrs. Kotick and Nadella, Mr. Nadella indicated that Microsoft was interested in exploring a strategic combination with Activision Blizzard."
On November 18, Spencer sent an e-mail to staff saying he is "disturbed and deeply troubled by the horrific 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 presented an initial offer of $80 per share - which would have been a 32% premium of Activision Blizzard stock price on November 25 - but the two companies would negotiate and the price
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