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Former Activision Boss Bobby Kotick Wants To Buy Tiktok: Report
- Former Activision Blizzard boss Bobby Kotick is reportedly interested in buying TikTok amidst potential U.S. ban due to data sharing concerns with the Chinese government.
- Scrutiny of TikTok has heightened in the U.S., with a bill requiring ByteDance to divest TikTok under threat of a ban, driving interest from potential buyers like Kotick.
- Kotick has discussed a potential acquisition with ByteDance's co-founder and is seeking partners like Sam Altman of OpenAI for the purchase, with the intent to use TikTok to train AI models.
- TikTok's sale is estimated to be valued in the hundreds of billions, and Kotick's interest comes after exiting Activision Blizzard post-Microsoft sale in 2023.
- Kotick faced scrutiny at Activision Blizzard in 2021 over allegations of sexual harassment and discrimination, leading to a settled lawsuit with $54 million paid by the company.
- The settlement stated that no court or investigation substantiated claims of widespread harassment at Activision Blizzard, and the company's transparency report supported the absence of systemic issues.
- Kotick departed Activision Blizzard with a $15 million golden parachute, and the article has been updated to include details of the settlement confirming the lack of substantiated claims of wrongdoing.
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