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Microsoft has won its court case against the Federal Trade Commission (FTC) of the United States, and is now going ahead with its plan to acquire Activision Blizzard King, the developer of titles such as Diablo 4, Call of Duty and Candy Crush, for $68.7 billion. can continue.
The case provided a lot of gaming news last week on all things Activision Blizzard, but it’s actually been seen as the start of the deal,
Last week’s dramatic court case hinged on whether the FTC could be granted an injunction to temporarily stop the deal while it conducts further investigation. But in reality it has been seen as a referendum on the overall ability of the deal to still succeed.
A lot of the legal work related to this deal has been punctuated by social media posts from those involved, and today was no different. Xbox head Phil Spencer said on Twitter shortly after the hearing: “The evidence shows that the Activision Blizzard deal is good for the industry and that the FTC’s claims about console switching, multi-game subscription services, and the cloud do not reflect the facts.” We do.” gaming market.
1/ We are thankful to the court for taking a quick decision in our favor. Evidence has shown that the Activision Blizzard deal is good for the industry and that the FTC’s claims about console switching, multi-game subscription services, and the cloud do not reflect the realities of the gaming market.11 July 2023
“Since we first announced this deal, our commitment to bringing more games to more people on more devices has only grown. We’ve signed a number of agreements to make Activision Blizzard’s games, Xbox first-party games and Game Pass available to more players than we do today. He continued. “We know players around the world are watching this matter closely and I am proud of our efforts to expand access and choice for players during this journey.”
The United Kingdom’s Competition and Markets Authority (CMA) blocked the acquisition in the UK in April this year, and now the UK finds itself the only country opposed to the takeover, given Microsoft’s market-leading position in the cloud. Protest has been lodged. gaming. An appeal to Microsoft is currently ongoing.
