Microsoft deal to deliver $390 million payday for Activision's embattled CEO

FILE PHOTO: Bobby Kotick, chief executive officer of Activision Blizzard, attends the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, U.S., July 10, 2019. REUTERS/Brendan McDermid

(Reuters) - Activision Blizzard Inc's Chief Executive Officer Bobby Kotick has gone from defending his handling of sexual harassment and discrimination claims at the video game maker to preparing to walk away with a windfall of at least $390 million.

The 58-year-old executive stands to receive the payday after clinching a deal on Tuesday to sell Activision to Microsoft Corp for $68.7 billion, but the vast majority will come from the 3.95 million Activision shares he owns, regulatory filings show.