Phil Spencer commented during the trial between the FTC and Microsoft. When the FTC asks if ” [Microsoft] has a $70 billion upfront payment to Activision”
No, when you buy something, it is not a payment. It’s like buying a house. You’re buying an asset that has value, so it’s actually a transfer of money into an asset called Activision that retains its value. So trying to characterize the $70 billion as somehow spent is wrong. Financially, it’s about putting $70 billion in cash into an asset, which is a game publisher that’s actually worth over $70 billion to us, so it’s not being spent.
Phil Spencer
