Sony Group Corp SONY and Microsoft Corporation MSFT have reportedly reached a 10-year agreement to keep “Call of Duty” games on PlayStation consoles after the U.S. software giant completes its takeover of Activision Blizzard ATVI.
What Happened: "We are pleased to announce that Microsoft and PlayStation have signed a binding agreement to keep Call of Duty on PlayStation following the acquisition of Activision Blizzard," Microsoft Gaming CEO Phil Spencer said on Twitter on Sunday.
“Even after we cross the finish line for this deal's approval, we will remain focused on ensuring that Call of Duty remains available on more platforms and for more consumers than ever before,” Microsoft President and Vice Chair Brad Smith said on Twitter.
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Why It Matters: The deal addresses concerns about Microsoft’s dominance in the gaming market and the possibility of making games exclusive to its own consoles.
Smith, during last month’s regulatory trial, vowed to do “whatever it takes” to keep “Call Of Duty” on PlayStation.
The Activision acquisition is still pending, but recent developments, including a federal appeals judge blocking the Federal Trade Commission’s attempt to halt the deal, have improved Microsoft and Activision’s prospects. The deal is targeted to be completed by Tuesday.
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