Activision Blizzard (ATVI) CEO Bobby Kotick sent the following letter to all employees: "I wanted to provide a brief update on our pending merger with Microsoft (MSFT). This week the U.S. Federal Trade Commission announced its decision to challenge the deal. This means they will file a lawsuit to block the merger, and arguments will be heard by a judge. This sounds alarming, so I want to reinforce my confidence that this deal will close. The allegation that this deal is anti-competitive doesn’t align with the facts, and we believe we’ll win this challenge. Thanks to the hard work by all of you every day, we’re on a strong path, bringing epic joy to players around the world with what I believe are the greatest games in the industry. At the same time, the competitive landscape is shifting, and, simply put, a combined Microsoft-ABK will be good for players, good for employees, good for competition and good for the industry. Our players want choice, and this gives them exactly that. You can read more about the specifics on those points in this update we recently shared with you. We believe these arguments will win despite a regulatory environment focused on ideology and misconceptions about the tech industry. Thank you for your dedication and creativity."
Published first on TheFly
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