Microsoft will fight U.S. over $68.7-billion Activision Blizzard deal

TL;DR

Microsoft will fight U.S. over $68.7-billion Activision Blizzard deal Microsoft is headed for a battle with the Federal Trade Commission over whether the U.S. will block the tech giant’s planned takeover of video game company Activision Blizzard.Microsoft’s response to the FTC tries to downplay Xbox’s role in the industry, describing itself as the “third-place manufacturer of gaming consoles” behind Sony and Nintendo, and one of just many publishers of popular video games with “next to no presence in mobile gaming,” where it is trying to make gains.The FTC’s complaint points to Microsoft’s 2021 acquisition of well-known game developer Bethesda Softworks and its parent company, ZeniMax, as an example of where Microsoft is making some upcoming game titles exclusive to Xbox despite assuring European regulators it had no intention to do so.Microsoft on Thursday objected to the FTC’s characterization, saying it made clear to European regulators it would “approach exclusivity for future game titles on a case-by-case basis, which is exactly what it has done.” The FTC’s suit describes top-selling franchises like “Call of Duty” as important because they develop a base of loyal users attached to their preferred console or streaming service.Microsoft’s agreement with Activision Blizzard requires it to pay the video game company a breakup fee of up to $3 billion if it can’t close the deal before July 18."

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