From CNET: Microsoft on Thursday filed a response to a Federal Trade Commission lawsuit aiming to block its $68.7 billion purchase of Activision Blizzard, arguing that it won't hurt competition in the video game industry.
The FTC said earlier this month in its lawsuit challenging the acquisition that the software giant will "harm competition" among game console makers including Sony and Nintendo. Microsoft countered in its filing that the acquisition is about helping its Xbox unit to become more competitive.
"Xbox wants to grow its presence in mobile gaming, and three quarters of Activision's gamers and more than a third of its revenues come from mobile offerings," Microsoft said in its 37-page response. "Xbox also believes it is good business to make Activision's limited portfolio of popular games more accessible to consumers, by putting them on more platforms and making them more affordable."
The deal, announced earlier this year, is the largest ever for the software maker and also within the video game industry. Microsoft, which also makes the Xbox video game console, has been speaking with regulators around the world in an effort to gain approval for its acquisition. Microsoft earlier said it expects to complete the deal sometime around the summer of 2023.
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