The US FTC has subpoenaed Sony to disclose detailed documents, including license agreements with third-party companies.
We reported a few hours ago that European Union officials, not wanting to rush things, have given themselves extra time to issue a final verdict on Microsoft’s acquisition of Activision Blizzard. In the meantime, it turns out that other international regulators are not idle either.
As gamesindustry.biz reports, the US Federal Trade Commission (FTC) has denied a recent request from Sony, which was trying to evade its obligation to provide, at Microsoft’s urging, a lot of essential information. As a consequence of this The PlayStation maker will be forced to release documents detailing exclusive agreements with third-party companies, signed as of January 1, 2019.
Interestingly, representatives of the Redmond giant have pressured Sony to also provide details of the performance appraisal of the company’s CEO, Jim Ryan, and his subordinates, as well as documents from the last ten years. This, however, was not accepted by the FTC.
The Federal Trade Commission’s decision certainly doesn’t sit well with the Japanese company, which has been trying for months to prevent a merger between Microsoft and Activision Blizzard. No wonder, by the way; unveiling such detailed agreements could shed additional light, this time unfavorable to Sony, on the matter and ultimately bring its biggest competitor closer to its desired goal.