The Federal Trade Commission has sued to block Microsoft’s $69 billion deal to buy Activision Blizzard, claiming that the mega-deal would stifle competition in the lucrative video-game industry, sources told The Post.
Smith this week publicly offered a 10-year license agreement to Sony allowing its PlayStation to sell “Call of Duty” and receive new games at the same time as Microsoft’s Xbox customers. He also announced he had reached a 10-year agreement with Nintendo to offer the games on its consoles and its current-generation hardware Switch.
Slaughter on Wednesday had asked Microsoft’s Smith questions and was engaged at their meeting, a source said. But in the end Smith could not convince her to go against the agency’s boss. Microsoft President Smith had argued that Microsoft’s deal would still leave it the No. 3 player in video games behind Sony and Nintendo.That wasn’t enough in the end for Khan and the commissioners who have shown a reluctance to approve mergers with behavorial remedies, those that require responsible behavior post-merger.
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