Wall Street Journal reporter Kirsten Grind helped expose Activision Blizzard’s troubled corporate culture in a bombshell article in November, co-written with her colleagues Ben Fritz and Sarah Needleman. The article revealed that Activision CEO Bobby Kotick knew about the company’s sexual misconduct problems, including an alleged rape, and, in some cases, did not report the incidents to Activision’s board of directors.
Then in January Microsoft moved to pay $75 billion in cash to buy the video games company — a 45% premium over Activision depressed share price.
The acquisition could help Activision respond to a slew of investigations and legal challenges over its corporate culture. The deal gives Kotick a graceful exit from the gaming giant that he helped build.
Tom Dotan, Katie Benner, and I talked to Grind about her investigation into Activision for this week’s Dead Cat podcast. Then we weigh the merits of Microsoft’s bid. Spoiler: We think it’s a steal for Microsoft.