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The Journal.

Microsoft’s Big Win Against the FTC

The Journal.

The Wall Street Journal

Business News, Daily News, News

4.25.8K Ratings

🗓️ 12 July 2023

⏱️ 16 minutes

🧾️ Download transcript

Summary

Microsoft has cleared a big hurdle to purchase Activision Blizzard, the publisher of popular videogame franchises like “Call of Duty, “World of Warcraft” and “Candy Crush.” The Federal Trade Commission had tried to block the roughly $75 billion acquisition, but a federal judge has allowed the deal to move forward. WSJ’s Jan Wolfe explains what the ruling means for Microsoft and for the FTC. Further Reading: -Microsoft Can Close Its $75 Billion Buy of Activision Blizzard, Judge Rules -Lina Khan Is Taking on the World’s Biggest Tech Companies—and Losing Further Listening: -Why Microsoft is Paying $75 Billion for Activision Blizzard -Microsoft CEO Satya Nadella’s Big Bet on AI Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Activision Blizzard is the publisher of some of the most popular video games in the world.

0:11.0

There's Candy Crush, a mobile game where you match candies to earn points.

0:17.8

There's also World of Warcraft, a multiplayer online game where users roleplay as creatures

0:24.0

like elves or trolls.

0:25.8

Scour the island for any sign of the expedition.

0:29.2

And then there's Activision's Crown Jewel, Call of Duty.

0:32.8

It's the first person shooter video game series, and it's hugely popular.

0:43.4

These titles are super lucrative, which is why Activision wound up on the radar of a tech

0:48.3

giant, Microsoft.

0:51.9

Microsoft is the maker of one of the best selling video game consoles, Xbox.

0:57.1

And it wants to add Activision's games to its portfolio.

1:01.0

Last year, Microsoft made a bid to acquire Activision.

1:04.7

Here's our colleague, Yan Wolfe.

1:07.1

You're taking one of the main console makers and pairing it, or at least attempting to

1:11.4

pair it, with the maker of the most popular video games.

1:15.2

So this deal is going to really shape the video gaming market, and with 3 billion gamers

1:19.8

worldwide, that's a huge market.

1:23.4

This deal has been valued at about $70 billion, making one of the biggest emanate deals

1:27.3

ever.

1:28.3

It's a controversial move, and the Federal Trade Commission has been trying to block

1:32.7

the deal in court, saying it could give Microsoft too much power in the gaming industry.

1:38.9

But this week, a federal judge ruled in favor of Microsoft, clearing a major hurdle for

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