As its proposed acquisition of Activision Blizzard Inc. nears completion, Microsoft Corp. announced a formal agreement to maintain the Call of Duty series on the Sony PlayStation platform.
On Sunday, the Redmond, Washington-based software giant announced an agreement with Sony Group Corp. to allay regulators' worries that the merger will restrict more Activision games, including the prevalent shooting-game genre, to Xbox.
Following Activision Blizzard's acquisition, we are happy to report that Microsoft and @PlayStation have inked a legally binding deal to retain Call of Duty on PlayStation, according to Microsoft's head of gaming Phil Spencer.
According to a Microsoft representative, the contract is for ten years. Microsoft and Nintendo Co. Ltd. signed a 10-year agreement last year to make Call of Duty available.
When a Federal Trade Commission request to halt the acquisition was rejected by an appeals court on Friday, a way was made open for the biggest gambling merger in history to conclude.
The UK Competition and Markets Authority has decided to give Microsoft an unprecedented second chance to come up with a solution after vetoing the merger in April due to worries about the deal's impact on the cloud gaming sector.
Bloomberg reported last week that Microsoft has offered to sell cloud-based market rights for games in the United Kingdom.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.