Activision CEO Kotick ‘will stay’ in unlikely event Microsoft merger fails: sources

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Microsoft announced its intention to acquire Activision Blizzard in January 2022. Activision is known for its 'Call of Duty,' World of Warcraft' and 'Candy Crush' video games.

Rima Alaily, Microsoft's corporate vice president and deputy general counsel, told the videogame website Eurogamer, "What does 100% mean? When we say equal, we mean equal. Ten years of parity. On content. On pricing. On features. On quality. On playability."

Analysts also swiped at the CMA’s case. In outlining why Microsoft might still be in the pole position to win the merger fight, MoffettNathanson’s Clay Griffin, who has an outperform on Activision and a $95 price target, put out a note after the CMA released its initial findings which bluntly stated: "We certainly think the decision, on both accounts, is the wrong anti-trust conclusion" and that "structural remedies – i.e.

"This is not new or controversial. Microsoft has committed to this from the very beginning," he wrote in the note. Sources told FOX Business the reason the CMA is the "only real potential roadblock" among regulatory bodies is that once the U.K. regulator makes a decision, unlike the U.S. Federal Trade Commission, it offers companies no legal recourse such as a trial.The Activision Blizzard Booth during the Electronic Entertainment Expo in Los Angeles, June 13, 2013.

Sony’s PlayStation has a commanding lead in console market share in both the U.K. and Europe, and also leads in the U.S., according to both Ampere Analysis and Statista. Microsoft’s Xbox comes in second place followed by Nintendo’s Switch.Sources tell FOX Business both Kotick and an as-yet-unnamed Microsoft executive – possibly Xbox chief Phil Spencer or Microsoft President Brad Smith will "be on a plane by late February" to make the case before the CMA’s April deadline.

 

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