Microsoft CEO Satya Nadella told a judge Wednesday that his company’s proposed $69 billion takeover of video game-maker Activision Blizzard will be good for the gaming industry, remarks that came as he defended the deal against an attempt by federal regulators to block it.
The exchange brought some levity to proceedings that are likely to make or break what would be the most expensive acquisition in technology history. Referencing Sony, Nadella said the PlayStation maker has defined the video game market as one focused on making premium games exclusive.“There should be no ambiguity in our support for the Sony platform,” he said, describing a conversation he had with Sony’s CEO shortly after the deal was announced.
The testimony from the two CEOs came on the fourth day of a court hearing in San Francisco. The FTC is trying to persuade Corley to issue an order stopping the takeover from being consummated before a more extensive administrative trial begins Aug. 2 in Washington. Microsoft is fighting to close the deal ahead of a July 18 deadline that could trigger it having to pay a $3 billion breakup fee to Activision.
Recorded in April, Ryan said he initially expressed little worry about the acquisition after private conversations with Kotick and Xbox chief Phil Spencer. But Ryan said he later came to believe Microsoft would leverage Call of Duty’s popularity to disadvantage PlayStation, whose players might get a more “degraded experience.”
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