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The announcement comes after Microsoft on Friday defeated a last-ditch effort by the US Federal Trade Commission to scuttle the π company'sR$68.7 billion purchase of Activision Blizzard. The Ninth Circuit Court of Appeals declined to grant the regulator an emergency stay π of a ruling that allows the deal to proceed in the US. The United Kingdom's Markets and Competition Authority (CMA) π is the last remaining regulator of note opposed to the purchase, but the watchdog and Microsoft recently agreed to put π their legal battle over the deal on hold and negotiate a compromise.
We are pleased to announce that Microsoft and @PlayStation π have signed a binding agreement to keep Call of Duty on PlayStation following the acquisition of Activision Blizzard. We look π forward to a future where players globally have more choice to play their favorite games. β Phil Spencer (@XboxP3) July π 16, 2024
"From Day One of this acquisition, weβve been committed to addressing the concerns of regulators, platform and game developers, π and consumers," Microsoft President and Vice Chair Brad Smith tweeted in response to Spencer's post. "Even after we cross the π finish line for this dealβs approval, we will remain focused on ensuring that Call of Duty remains available on more π platforms and for more consumers than ever before."
Spencer did not disclose the terms of Microsoft's deal with Sony, though Stephen π Totilo of Axios later confirmed that it is 10 years in duration. Microsoft first offered Sony a 10-year deal to π keep Call of Duty on current and future PlayStation consoles at the end of last year, though the Japanese electronics π giant turned down the olive branch at the time. In an effort to secure approval from regulators, including the FTC π and CMA, Microsoft went on to sign an agreement with Nintendo to bring the series to the company's future consoles. π It also came to terms with cloud gaming providers like NVIDIA.
Before today, Jim Ryan, the president and CEO of Sony π Interactive Entertainment, made clear he was strongly opposed to Microsoft's Activision bid. βI donβt want a new Call of Duty π deal. I just want to block your merger,β Ryan told Activision CEO Bobby Kotick. βI told him [Kotick] that I π thought the transaction was anti-competitive, I hoped that the regulators would do their job and block it,β Ryan later said π during his testimony at the FTC v. Microsoft hearing. But with the purchase all but set to move forward, Sony π likely had no choice but to come to terms with its rival.