As the Federal Trade Commission moves forward to block Microsoft’s $69 billion merger with Activision Blizzard, Activision’s CEO Bobby Kotick relayed his confidence that the “deal will close” in an internal statement released today to Activision employees. The letter opens with Kotick confirming the FTC’s decision to challenge the acquisition.
“This means they will file a lawsuit to block the merger, and arguments will be heard by a judge,” Kotick explains. “This sounds alarming, so I want to reinforce my confidence that this deal will close. The allegation that this deal is anti-competitive doesn’t align with the facts, and we believe we’ll win this challenge.”
You can read the full statement below.
Kotick later adds that “a combined Microsoft-ABK will be good for players, good for employees, good for competition, and good for the industry. Our players want choice, and this gives them exactly that.”
In a second tweet from Activision, the company shared a Substack post written by Jeb Boatman, the Senior Vice President of Litigation, Regulatory, and Public Policy Law at Activision Blizzard. Despite the fact the statement went live less than twenty-four hours ago, it was evidently written before the FTC decided to move against the Microsoft merger since Boatman refers to “speculation” that the FTC were “considering whether to file a lawsuit.”
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