You have to really stop and marvel at how impressive Microsoft is playing this acquisition.
Consider what people have said about them for years, their last place, two to one loser in sales to both Nintendo and Playstation, dead last. Microsoft has turned all of that into an ADVANTAGE. It's exactly that trolling, that bragging that will now be used to defend convincingly the fairness of this acquisition. If they were dead last before, and getting their ass kicked, why is this acquisition, which after it completes, would STILL leave them only 3rd in gaming revenue behind Tecent and Sony supposed to be seen as a monopoly when Microsoft comes from the weakest positioning in the gaming space relative to their direct competitors possible.
This would not have been possible without the Xbox One faceplant. They also have on their side the well publicized struggles and legal issues of Activision, the high turnover, the struggles of their biggest franchises. Activision was at their low, the whole industry calling for the CEO's head, and here comes Microsoft, the kid always in last place, seeking to make a bigger mark in gaming.
Microsoft will be able to use the VERY moves Sony has made in recent years to defend this acquisition flawlessly before any regulatory body.
Microsoft can even use Spider-Man, a massive worldwide brand, a franchise that had a recent massive movie launch to record breaking numbers, a game that no Xbox gamer gets the chance to play since it's exclusive to Sony platforms. Microsoft can make the exact same argument with Wolverine, Microsoft can point to a major Star Wars entry such as Kotor Remake as yet another example of Sony's power and influence in the industry.
They can further use their very own company, Bethesda, as evidence to defend the Activision deal. The two latest games coming from Bethesda won't even launch for Xbox yet, but will be coming to Playstation 5 first. One of those was the critical hit Deathloop, which was a nominee for Game of the Year at the 2021 Game Awards. Microsoft can, and will, say that so strong is Playstation's reach that even their own intellectual property from their own studios end up going to PS5 before it sees release to Xbox customers. They can point to how Spider-Man was an exclusive character in a major avengers game, and xbox gamers didn't get to enjoy that. They can point to how Sony has had a major marketing deal with the Call of Duty franchise now for multiple years where they get access to content that Xbox gamers don't receive till much later, if at all I think. They can even point to Final Fantasy 7 Remake and FF16, a major franchise whose previous two big entries both launched on Xbox as well as Playstation, but are now exclusive to Playstation.
So whereas many think Bethesda is evidence of this deal being unfair or monopolistic, Bethesda will prove to be the VERY thing that shows why it can be allowed to go through. Microsoft has to be able to legitimately showcase that their actions will not unfairly advantage them over their competition. Microsoft can point to Doom Eternal next gen release on PS5, they can point to Skyrim special edition release on PS5, they can point to Ghostwire Tokyo release on PS5, they can point to Elder Scrolls Online next gen upgrade on Playstation 5 as evidence that they still continue to actively support Playstation 5, because, as they even show with one of their most valuable products, Minecraft, they support all platforms.
This deal is as good as open and shut. Companies rarely have arguments THIS convincingly in favor of an acquisition where they are treating their closest competition so fairly, to the point where their main competition is getting their own intellectual property from their own game studios before they are. Microsoft couldn't have played this anymore perfect if they tried, and this deal is one that should be studied for years to come on how to approach industry shaking deals.