Former Activision Blizzard CEO Bobby Kotyk plans to buy TikTok

Former Activision Blizzard CEO Bobby Kotyk plans to buy TikTok

Bobby Kotyk, the former CEO of Activision Blizzard who stepped down late last year, is interested in buying TikTok. According to The Wall Street Journal, Kotyk mentioned a possible partnership with OpenAI CEO Sam Altman and others at the conference dinner and has already discussed the idea with ByteDance’s chief executive Zhang Yiming.

If TikTok is sold, the price of the app is likely to be in the hundreds of billions of dollars.

Kotyk led Activision for more than 30 years. A 2021 lawsuit accused the company of encouraging sexual harassment and gender discrimination under his leadership. Shortly thereafter, the newspaper reported to the media that Kotick had been informed of employee misconduct for years but had not disclosed the information to the board of directors. He himself was also accused of persecution. Activision Blizzard called the data “misleading”. At the same time, the company’s employees demanded the resignation of Kotyk, but he kept his position until the completion of Activision’s merger with Microsoft in 2023.

Kotyk’s expected interest in TikTok comes after U.S. lawmakers introduced the Foreign Adversarial Controlled Applications Act last week. According to it, TikTok’s Chinese parent company, ByteDance, will have to sell the app within six months or it will be blocked from US app stores.

According to the WSJ, Altman’s possible involvement in the deal could open up the possibility of TikTok being used by OpenAI to train artificial intelligence models.

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