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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 company'sR$68.7 billion purchase of Activision Blizzard. The Ninth Circuit Court of Appeals declined to grant the regulator an emergency stay of a ruling that allows the deal to proceed in the US. The United Kingdom's Markets and Competition Authority (CMA) is the last remaining regulator of note opposed to the purchase, but the watchdog and Microsoft recently agreed to put their legal battle over the deal on hold and negotiate a compromise.
We are pleased to announce that Microsoft and @PlayStation have signed a binding agreement to keep Call of Duty on PlayStation following the acquisition of Activision Blizzard. We look forward to a future where players globally have more choice to play their favorite games. — Phil Spencer (@XboxP3) July 16, 2024
Before today, Jim Ryan, the president and CEO of Sony Interactive Entertainment, made clear he was strongly opposed to Microsoft's Activision bid. “I don’t want a new Call of Duty deal. I just want to block your merger,” Ryan told Activision CEO Bobby Kotick. “I told him [Kotick] that I thought the transaction was anti-competitive, I hoped that the regulators would do their job and block it,” Ryan later said during his testimony at the FTC v. Microsoft hearing. But with the purchase all but set to move forward, Sony likely had no choice but to come to terms with its rival.
Update 2:57PM ET: Added more information about the length of the agreement.
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