FTC v. Microsoft: all the news from the big Xbox courtroom battle
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The FTC wants to know about the Xbox business and why Microsoft is spending nearly $70 billion on Activision Blizzard.
FTC: your business is not necessarily meeting its internal targets today?
“It is not right now, no,” admits Spencer.
FTC: so you’re paying $70 billion for a mobile business?
“The business is across mobile, PC and console, but when you think about the unique opportunity relative to our business today, it’s that mobile engagement that Activision drives.”
Spencer then says Microsoft is trying to grow the overall Xbox business it’s not just about console:
“We are trying to compete in the market by growing our business. Some of our business growth is something that our competitors would like to have, so some of our growth is probably from our competitors not realizing that growth themselves.”
