Read Xbox chief Phil Spencer’s memo to Microsoft employees about the FTC win
Microsoft just won a big legal fight with the Federal Trade Commission (FTC) to allow it to close its $68.7 billion Activision Blizzard acquisition. After a grueling five days of evidence and testimony, a US federal judge has sided with Microsoft to prevent the FTC from securing a preliminary injunction to halt Microsoft from buying Activision Blizzard.
The hearing involved key Xbox executives, including Microsoft Gaming CEO Phil Spencer. The Xbox chief has written to Microsoft employees about today’s FTC result, noting that the company’s focus is now on resolving the situation with the UK’s Competition and Markets Authority (CMA). Both Microsoft and the CMA have agreed to pause their legal battle to negotiate a potential remedy after...