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New update from MLex:
- Microsoft and ABK have briefed the European Commission on potential remedies to ease competition concerns.
- MS and ABK had 45 minutes this afternoon to address the topic, followed by a 15-minute Q&A session.
- Sony has cemented its position as the main opponent to the deal, and is being granted twice the time to intervene on the hearing than other third parties are.
- Sony had 30 minutes reserved for its participation, whereas Nvidia, Google, Valve, Electronic Arts and the European Games Developer Federation each had 15 minutes.
- This morning the commission has heard presentations by Phil Spencer and Bobby Kotick explaining the rationale behind the deal.
- There were also interventions by advisors from MS and ABK about why the deal doesn't pose competition concerns.
- Brad Smith will deliver the final remarks to close the hearing.
On the other hand, MLex updated the paragraph about Sony in the previous insight:
BEFORE
- MLex understands that although Sony has refuted the idea that licensing deals will ease competition concerns, it is engaged in talks with the Xbox maker on potential remedies.
NOW
- While Sony has held talks with Microsoft on platform access, it has stressed that licensing deals won't ease competition concerns.
It doesn’t sound like Sony is very pro-agreement. 🤔
