Sony has secured a “binding agreement” with Microsoft keep call of Duty Games on PlayStation consoles.
Xbox boss Phil Spencer confirmed the news on Twitter today (July 16), although while he confirmed that both parties “had signed a binding agreement,” the terms of that deal — and of course the associated timelines — have not yet been finalized announced publicly.
“We are pleased to announce that Microsoft and PlayStation have signed a binding retention agreement call of Duty on PlayStation after the acquisition of Activision blizzard‘ Spencer tweeted.
“We look forward to a future where gamers around the world have more choices to play their favorite games.”
We are pleased to announce that Microsoft and @PlayStation have signed a binding agreement to keep Call of Duty on PlayStation following the acquisition of Activision Blizzard. We look forward to a future where gamers around the world have more choices to play the games they love.July 16, 2023
While Microsoft is still grappling with the UK Government’s Competition and Markets Authority (CMA) decision that blocked the merger Because it’s believed to allow Microsoft to establish a gaming monopoly, it brings Microsoft a step closer to its $69 billion acquisition, which must be completed by the end of July 18, 2023 or Microsoft would be legally bound , to pay Activision $3 million to reduce the breakup fee and renegotiate the terms of the acquisition.
The US Federal Trade Commission (FTC) lost his last calling protest Microsoft‘s acquisition of Activision Blizzard yesterday (July 15), allowing the acquisition to proceed as planned.
Microsoft’s proposed acquisition of Activision blizzard sank a lot of control by governments around the world, but still Microsoft won its battle with the FTC When a federal judge ruled in favor of the acquisition, the FTC filed a full complaint letter of appeal with the Ninth Circuit Court of Appeals to set aside the decision.
Now, however, the Ninth Circuit Court has “denied” the “request for an injunction,” meaning Microsoft can complete the $69 billion acquisition.
“We appreciate the Ninth Circuit Court’s quick response in denying the FTC’s request for a further delay in the deal,” said Brad Smith, Microsoft vice chairman and president, at the time. “This brings us another step closer to the finish line in this marathon of global regulatory reviews.”
