US FTC eyes options after Microsoft/Activision loss

economictimes.indiatimes.com:

Microsoft's $69 billion deal to buy Activision, a source told Reuters on Monday amid expectations the agency's fight is nearing the end. After two court losses last week, the agency's remaining options are: pursue its fight in the internal FTC court; pursue its parallel case before the appeals court; pursue both; or settle with Microsoft or drop the matter entirely. The source, who is familiar with the matter, declined to give any other details.

The acquisition could fundamentally reshape the console market by giving Microsoft access to Activision's programmers, who have pumped out hits like the "Call of Duty," «Diablo» and «World of Warcraft» series. U.S. regulators, however, have said it could harm consumers by possibly limiting the reach of Activision's games.

Microsoft has been fighting for months to save the proposed deal, its biggest acquisition and the largest in the history of the videogame industry, and appears close to finalizing the transaction. Microsoft President Brad Smith has referred to the antitrust scrutiny as a «marathon of global regulatory reviews.» On Tuesday, a district court judge in California denied a motion to stop the deal while an internal FTC judge considers it, and on Friday an appeals court denied a motion to pause it. Meanwhile, Microsoft over the weekend signed a pact to keep «Call of Duty» on Sony's PlayStation.

Sony, which leads the gaming console market, had been one of the deal's toughest critics. Experts have said the agreement could make it harder for U.S. regulators to keep fighting.