Activision Blizzard president to leave the company

It has just been announced that the president and COO of Activision Blizzard will be leaving the firm early next calendar year.

The news was just launched that on March 31st, 2023, Daniel Alegre, who has been Activision’s president due to the fact 2020, will leave the firm right after his present deal expires.

Alegre will depart the preferred publishing corporation to be part of up with the escalating NFT business Yuga Labs.

The news has been verified by Alegre himself just after he also introduced his new place as CEO of the Blockchain organization. For individuals not familiar with Yuga Labs, they are the organization most effective recognized for the Bored Ape Yacht Club NFTs.

Alegre will take about from Nicole Muniz, who will move down as CEO but remain on personnel as an lively partner and strategic advisor. Considering that 2020, Yuga Labs have quickly proven itself as a highly effective player in the NFT and Blockchain place.

With Alegre at the helm, Yuga Labs aims to become one of the main providers in shaping equally the world of digital belongings, as well as the upcoming of the world wide web as a total.

Alegre’s departure is just about absolutely a immediate result of Microsoft’s proposed $69 million-dollar acquisition of Activision Blizzard, which is intended to be finished by next summertime, however, it has now been slowed after a Federal Trade Commission investigation and lawsuit quickly halted the deal.

If the deal with Microsoft does in fact go by way of as envisioned, no one particular is set to benefit far more than latest Activision Blizzard CEO Bobby Kotick.

A proxy assertion filed past year now sees Kotick as the sole improve-of-regulate government at the corporation, indicating that he would be rewarded monetarily if he is permit go just after the merger goes as a result of.

In other terms, Really should Kotick be fired immediately after the Microsoft offer, he could be on the lookout at thousands and thousands of dollars in compensation.

Kotick’s time as Activision’s CEO has been satisfied with some controversy as numerous stories have appear out that the place of work environment has grown progressively toxic in the latest decades.

There have also been alleged stories that employees associates at Activision Blizzard disclosed numerous sexual misconduct allegations and Kotick did minor to very little about it.

With all that currently being claimed, numerous Activision staff members are welcoming the Microsoft takeover, when the FTC and other people nevertheless have fears about the opportunity destructive results on the marketplace in the extended run.