From PC Mag:
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To overcome an FTC lawsuit and succeed in its quest to buy Activision Blizzard, Microsoft has decided to admit defeat in the video game console wars.
Microsoft made the argument in court today as the FTC tries to stop the merger on antitrust grounds. To do so, the Commission is requesting a US judge order a preliminary injunction to halt the deal, which risks jeopardizing Microsoft’s bid to complete the acquisition.
In response, Microsoft filed a 77-page document that tries to argue why the deal should go through. “Xbox has lost the console wars, and its rivals are positioned to continue to dominate, including by leveraging exclusive content,” the company writes.
Microsoft adds that the Xbox has consistently ranked third behind Sony’s PlayStation and Nintendo’s own hardware, with only a 16% share of the market. “Sony’s lead is so significant that press reports have recently declared that ‘Sony’s PlayStation brand dominates 2021’s worldwide console market,'” the company added.
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