FTC Dumps Microsoft's Attempt To Clear Antitrust Concerns Over "Call of Duty" - Microsoft (NASDAQ:MSFT)

Microsoft Corp MSFT President Brad Smith had offered to sign a legally-binding consent decree with the U.S. Federal Trade Commission to provide "Call of Duty" games to rivals, including Sony Group Corp SONY for a decade.
The rejected offer came just before the FTC prosecuted Microsoft for blocking the $69-billion takeover bid for video game publisher Activision Blizzard Inc ATVI, Reuters reports.
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Sony, the maker of the PlayStation console, expressed concerns over Xbox maker Microsoft gaining control of games like the "Call of Duty" series and making them exclusive to Microsoft devices.
Smith, speaking during Microsoft's annual shareholder meeting, shared his disappointment over the FTC quickly dumping the consent decree proposal before suing.
Microsoft inked a decade-long commitment to bring "Call of Duty" to Nintendo Co, Ltd NTDOF NTDOY platforms. The company made the same offer to Sony.
The deal also faced scrutiny beyond the U.S.
Price Action: MSFT shares closed higher by 1.75% at $256.92 on Tuesday.
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