Stock market ticker tape today12/27/2023 ![]() ![]() ![]() Wilkinson also argued Microsoft has a financial incentive - in the form of higher revenues - to make Activision Blizzard games available on Sony’s PlayStation and other platforms. For example, Microsoft has already committed to making Call of Duty available on Nintendo’s Switch console and a Nvidia gaming subscription service, according to AP. She noted Microsoft aims to benefit gamers by making Activision Blizzard games available on more devices to more people. Wilkinson’s defense of not delaying the deal is consumers would be better off if Sony - whose PlayStation dominates the market and controls roughly twice Xbox’s market share, noted AP - faced competition. Despite assuring European competition regulators it wouldn’t limit games on rival consoles, Microsoft reneged - making one of ZeniMax Media’s most popular titles, Starfield, exclusive to Xbox and Windows, according to AP. Weingarten cited the example of Microsoft’s 2020 acquisition of ZeniMax Media. The reason why is after acquiring another gaming company, Microsoft failed to honor its promise to make its games available on platforms other than Xbox, according to the FTC’s lead lawyer, James Weingarten. That’s because potential harm to consumers of letting the deal go forward exceeds the damage of letting the FTC’s administrative trial proceed. According to Hollywood Reporter, Microsoft’s lead attorney Beth Wilkinson said, “If we can’t close by July 18, and the court enjoins the transaction, nobody can withstand that and we certainly can’t.” Wilkinson envisions a “three year administrative nightmare” that would doom the deal, Hollywood Reporter noted.Īlthough I am not a lawyer, the odds seem good that Scott Corley will enjoin the deal from closing on July 18. If she decides in favor of the FTC, I think Microsoft should pay the $3 billion to cancel the deal because the FTC would likely delay it for years before ultimately blocking it. ![]() To be sure, Microsoft shouldn’t pull the plug until the hearing in front of judge Scott Corley results in a decision. San Francisco District Court Case Could Determine Whether Deal Goes Forward ![]()
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