Activision Blizzard shareholder Todd Miller has filed a legal complaint against the company and its current parent, Vivendi, to stop Activision and an investment group headed by CEO Bobby Kotick and Brian Kelly from buying back stock in the firm.
Brian Kelly headlines
Activision Blizzard became an independent company last night, after it bought back the majority of its shares held by former parent company Vivendi which now, only holds a 12% stake. This is, according to Robert W. Baird & Co analyst Colin Sebastian, a “win-win-win” for all parties involved – despite a decrease in WoW subs.
BusinessInsider is reporting that Activision CEO Bobby Kotick, together with chairman of the board Brian Kelly, sold $60 million worth of Activision shares last week. The article speculates that Kotick and Kelly could be cashing in due to Gamestop announcing Friday that “that same store sales were weak and its outlook cloudy for the second […]
According to this Kotaku piece, citing an SEC filing, the Activision board has approved a $3,079,798 bonus for Bobby Kotick. Co-chairman Brian Kelly has been granted a meagre $2,996,556. They had to earn those bonuses, of course, by completing certain benchmarks for the company – Kotick and Kelly were allowed to pass on two of […]