November 30, 2022

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Phil Spencer believes Microsoft's takeover of Activision Blizzard purchase is 'fair and reasonable'

Phil Spencer believes Microsoft’s takeover of Activision Blizzard purchase is ‘fair and reasonable’

The Redmond giant is awaiting positive information regarding the acquisition of Activision Blizzard. Phil Spencer noted the actions of officials from different regions of the world and emphasized that such large transactions have their own rules.

At the moment, many organizations dealing with the technology sector and competitiveness are analyzing the agreement for the possible takeover of Call of Duty developers by Microsoft. Regulators must ensure that the approximately $70 billion deal does not adversely affect the market, players and other companies operating in the industry.

This year’s Wall Street Journal Tech Live couldn’t have missed Phil Spencer. The head of the Xbox brand admitted it He talks regularly with officials in key markets and is confident he will get approval for the acquisition of Activision Blizzard. However, big deals like these take time:

“People may be surprised, but I am not an expert in doing deals worth $70 billion. But I know we are very focused on getting approval in key jurisdictions and I spend a lot of time in Brussels, London and the Federal Trade Commission here in the US.”

I can say that the discussions were very fair and honest. This is a huge acquisition, no doubt about it. Microsoft, in its role in the tech industry, is a big tech company, and I think the debate about getting this big is justified, and I appreciate the time I spent there.”

“We’re really focused on getting the deal approved – I’m sure of that. I was in London last week and I’m continuing discussions with all the regulatory boards and I’m confident we’ll get the deal approved.”

An Xbox representative has repeatedly said that Call of Duty will not disappear from PlayStation 5 and PlayStation 4, although the Americans want to introduce the series to the Xbox Game Pass catalog. However, Sony somewhat insured itself and paid Activision to delete the service – the Redmond giant has no intention of interfering with the signed contracts in any way.

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So far, the Federal Trade Commission (USA) has not commented on Microsoft’s bid to acquire Activision Blizzard, while the UK Competition and Markets Authority has launched a second phase of the investigation.