Inside Mnuchin’s far-fetched plan to rebuild TikTok from scratch
Mnuchin said he has discussed his pitch with an assortment of billionaires and big businesses, including the tech giant Oracle and the former head of the Activision Blizzard video game empire Bobby Kotick, the two people said.
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Dan Wang*, a visiting scholar at Yale Law School’s Paul Tsai China Center who studies Chinese tech and policy, said Mnuchin’s proposal would probably hit a dead end in China, which has shown no interest in consenting to a forced sale and could use its “highly discretionary” political system to block the deal.
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Controversial former Activision Blizzard CEO Bobby Kotick could buy TikTok with help from Sam Altman
Bobby Kotick spent 33 years as CEO of Activision, during which time he faced plenty of controversy. His departure from the company in December following Microsoft’s acquisition was met with celebrations from gamers and developers. There were tales of his interference with the development of Activision games over the years and his role in killing off Blizzard titles in China.
Kotick was also accused of leaving a voicemail threatening to kill an assistant in 2006 and was the subject of a flight attendant’s sexual harassment lawsuit in 2007. He faced allegations of incidents involving rape and harassment stretching from the mid-2010s through 2021, and Kotick and Activision had to pay a $35 million settlement last year after failing to maintain adequate controls to report and address misconduct within the company. Activision Blizzard also paid $54 million in 2021 to settle a gender discrimination lawsuit in California.
The alleged $15 million golden parachute Kotick received upon leaving Activision did little to endear him to the public, too.
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