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“Specifically, with respect to Activision Blizzard video games, there is nothing unique about the video games developed and published by Activision Blizzard that is a ‘must have’ for rival PC and console video game distributors that could give rise to a foreclosure concern,” read Microsoft’s response to the New Zealand Commerce Commission, published in a report from June. That means that Microsoft don’t consider their future ownership of Activision Blizzard’s franchises such as Call Of Duty to cause issues that would prevent their rivals – among whom they identify Valve in the PC space – from competing against them.
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I mean...
Okay, jokes apart, I think this is a pretty misleading argument. Even without looking at the massive elephant in the room that is Call of Duty, Activision still does hold several valuable IP that are especially relevant from an antitrust perspective, from Overwatch/World of Warcraft to Candy Crush. Among the brands more core players may care about, Diablo is massive. Not sure this is the argument I would necessarily go with.