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TruckOSaurus said:

This is huge!

Also

Bobby Kotick will continue to serve as CEO of Activision Blizzard, and he and his team will maintain their focus on driving efforts to further strengthen the company’s culture and accelerate business growth. Once the deal closes, the Activision Blizzard business will report to Phil Spencer, CEO, Microsoft Gaming.

For fuck sake, this was a golden opportunity to kick that asshole out and rebuild Activision Blizzard's image. *sigh*

I'm 99% sure he wont last for long. They just need the time to rebuild completely. He'll be out by the end of 2023.