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One of the biggest companies buying another of the biggest companies is just bad until proven wrong, IMO.
It can end up being good, but this is business, neither MS, or Activision, or Sony, or anyone else care about doing things for it to end up good for the consumer, the very opposite, actually.
Always sad to see people applaud this, but oh well, now some other people will want Sony to go and buy Take Two or something... great...