Meta Defends The Microsoft Acquisition Of Activision Blizzard
The company behind the wildly popular social media platforms Facebook and Instagram, Meta, recently defended the acquisition of Activision Blizzard by Microsoft in a series of documents that were previously submitted to a regulatory body in Brazil known as the Administrative Council for Economic Defense, an equivalent to the Federal Trade Commission.
“The electronic games sector is highly dynamic and competitive with an abundance of content produced by several developers and with constant entries of new players,” Meta declared. The company later explained how “Meta understands that the publishing and development of electronic games is intensely competitive, attracting a wide range of players competing globally against each other.”
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The regulator in question is described as an “independent agency reporting to the Ministry of Justice with its headquarters and legal establishment in the city of Brasilia.” The aim of the Administrative Council for Economic Defense is to “ensure free competition” through a process of “investigating and deciding, ultimately, on competition issues” in addition to being “responsible for fostering and promoting the culture of competition in Brazil.”
Meta was apparently asked a number of different questions including “to the best of your company’s knowledge, what are the main game developers/ publishers that effectively compete with Microsoft and Activision Blizzard” that are “capable of producing games considered as ‘triple-A’ category by the industry” along with “in the event that Activision Blizzard titles are no longer available to competing Microsoft/ Xbox ecosystems in the future, to what extent would competition in the digital game distribution market
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