Key Takeaways from the Microsoft vs FTC Hearing
A US court has ruled in favor of Microsoft, permitting the tech giant to acquire Activision Blizzard. The decision comes after the Federal Trade Commission (FTC) attempted to block the deal, citing concerns over the potential impact on competition in the console market. The acquisition, valued at $68.7 billion, is expected to significantly expand Microsoft's gaming portfolio, including popular titles such as Call of Duty. The FTC had argued that Microsoft's ownership of Activision Blizzard could lead to the company making Call of Duty exclusive to Xbox, thereby harming consumers and competitors. However, Microsoft has repeatedly stated that it intends to keep Call of Duty on PlayStation platforms for at least ten years. The ruling is a significant victory for Microsoft, but the company still faces regulatory hurdles in other regions, including the UK, where the deal has been blocked.