Beleaguered Activision CEO to Step Down From Coke’s Board

Bobby Kotick 

Photographer: Patrick T. Fallon/Bloomberg

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Activision Blizzard Inc. Chief Executive Officer Bobby Kotick said he won’t stand for re-election to the Coca-Cola Co. board.

Kotick saidBloomberg Terminal in a statement Friday that he is stepping down from the board after 10 years to focus his full attention on Activision’s pending acquisition by Microsoft Corp. That deal, valued at almost $70 billion, is expected to close next year.