playstation doubles down on cloud gaming

While the jousting around this almost 70 billion dollar deal isn’t over, Microsoft is closer now to being able to close the deal and bring Call of Duty, World of Warcraft, a significant mobile portfolio led by King’s Candy Crush and a fresh infusion of talent in the gaming industry to Microsoft and Xbox. Since we announced our intent, our actions have demonstrated our commitment to bringing more games to more people on more devices.”

Spencer told the Xbox employees that he and the Gaming Leadership team “believed that this acquisition will meaningfully benefit players and the gaming industry. In addition to Smith’s statement, head of Xbox Phil Spencer emailed employees about the court ruling and the CMA agreement, as reported by The Verge. In order to prioritize work on these proposals, Microsoft and Activision have agreed with the CMA that a stay of the litigation in the UK would be in the public interest and the parties have made a joint submission to the Competition Appeal Tribunal to this effect.” While we ultimately disagree with the CMA’s concerns, we are considering how the transaction might be modified in order to address those concerns in a way that is acceptable to the CMA. “After today’s court decision in the U.S., our focus now turns back to the UK. Our statement on the mutual request with the CMA for a pause of our appeal in the UK: /8Aky2IJjxS Microsoft appealed the decision, but now, as announced by Microsoft President Brad Smith, Microsoft and the CMA have agreed to “pause litigation” as they work to hammer out a deal, presumably to save face for the CMA while reversing the decision:

So it’s on to the UK and the Competition Market Authority, which blocked the deal, saying that it would cause “reduced innovation and less choice for UK gamers.” The US District Court ruled that “(the) FTC has not shown it is likely to succeed on its assertion the combined firm will probably pull Call of Duty from Sony PlayStation, or that its ownership of Activision content will substantially lessen competition in the video game library subscription and cloud gaming markets.”Īlthough the FTC can still appeal, this ruling makes it less likely to do so. First, the US Federal Trade Commission (FTC) failed in its bid to force a preliminary injunction to try and stop the deal from going through while it prepared a case against it. It’s been a good day today for Microsoft and its attempts to acquire Activision Blizzard.

Playstation doubles down on cloud gaming