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EpicRandy on 11 July 2023
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there was a very similar thread late last year so I'll post here one of my answers which is relevant here:

I believe this deal is good for

  • Microsoft/Xbox
  • Activision Blizzard
  • Workers at Activision Blizzard
  • Union advocate
  • Gamepass
  • Gamapass Users
  • Switch and future next Nintendo system owner
  • Steam User
  • Anyone who wants the Acti-Blizz management/work culture to change
  • Anyone who hopes for a possibility of Activision Blizzard studios to even consider being creative again
  • PlayStation Plus user (Only if Sony accepts the deal and benefits from CoD on PlayStation Plus day 1 as Ms offered)

It is neutral for

  • Any third party as Take Two made clear
  • Anyone who doesn't subscribe/wants to subscribe to GamePass (as all the games will still be available for purchase)

It is bad for:

  • Sony*


But even then it is only bad for their ability to sell ps5+ with limited competition from the Xbox series+ system and their ability to grow their margin profits unchallenged.
Even if the deal goes through it won't:

  • Make Uncharted, God of War, Horizon, Ghost of Tsushima, and Last of Us ... fans disappear
  • inhibit the ability for Sony to create and release new games for their system and/or PC
  • prevent Sony from making other acquisitions and they've made quite a few this year and will continue to do so by their statement
  • prevent Sony from bolstering its offering (PlayStation + wise as well as a standard sale) 
  • Remove CoD from their offering
  • Make Xbox anywhere near the point of a monopoly 

Also, the impact on Sony is already mitigated by:

  • The fact they are the one who benefits from a dominant position as of now.
  • The fact that many Acti-Blizz projects are already announced for Ps5 and MS will respect all of those (ex: Diablo 4)
  • The impact of this won't be felt for many years and won't come all at once