Share with friends and circles of friends with wechat scanning QR code < / P > < p > February 24 news. On Wednesday, local time, the securities and Exchange Commission (SEC) released a new document outlining more details of Microsoft's $69 billion acquisition of Activision Blizzard, including several different options for Bobby Kotick, CEO of the game publisher < p > among them, the most interesting provision is that if cotick is dismissed by Microsoft without reason, he will be entitled to receive $15 million of "golden parachute" compensation from the company. In addition, if Activision Blizzard's Board believes that the corporate culture has improved, cotick may receive a stock award worth $22 million later this year < p > the document also shows that after the expiration of his term of office in March 2023, the board of directors of Activision Blizzard may extend cotick's contract for 12 months, which is far longer than previously reported that he will stay in office. Just a few weeks ago, it was said that the management of Microsoft and Activision Blizzard agreed that cotick would leave the company soon after the transaction was completed < p > curtik currently owns (or has the right to acquire) 6.5 million shares of Activision Blizzard, which is worth about $619 million at Microsoft's acquisition price. It is unclear what kind of financial compensation cotick will receive if he is really fired. Cotick accepted a pay cut last October in response to the company's scandal and said he would give up his bonus until the board saw improvement < p > Microsoft agreed to acquire Activision Blizzard earlier this year, but the deal came after the latter tried to deal with a wide range of misconduct allegations, some of which were directed at cotick himself. After these allegations emerged, many employees of Activision Blizzard asked cotick to resign < p > according to recent reports, Phil Spencer, CEO of Microsoft's game division, contacted cotick a few days after the outbreak of the Activision Blizzard scandal, hoping to acquire the company. So far, the deal has not been formally passed. However, experts expect the plan to be carefully reviewed but eventually approved < p > at the same time, Activision Blizzard also approached four other companies and negotiated the acquisition, but did not make much progress. An unnamed buyer also tried to acquire Blizzard alone. The board of directors of Activision Blizzard made slow progress in the investigation, in part because the negotiations with the buyer raised concerns about possible disclosure < p > the long-term revenue estimate submitted in November 2021 shows that Activision Blizzard expects revenue to increase by nearly $2.5 billion in 2023. This was driven by popular games, including the recently delayed release of catcher 2 and Diablo 4 < p > also on Wednesday, king, the mobile game division of Activision Blizzard, announced that two executives, including the co-founder, would leave before completing the acquisition deal with Microsoft < p > among them, King founder Sebastian Knutsson will resign as chief creative officer. Humam sakhnini, President of the company who has worked in King for 6 years and Activision Blizzard for 12 years, will also leave and be replaced by tjodolf sommestad. (small) < / P > < p >