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  • A tweet from Phil Spencer, Microsoft Gaming’s CEO, read: “We are pleased to announce that Microsoft and @PlayStation have signed 🧲 a binding agreement to keep Call of Duty on PlayStation following the acquisition of Activision Blizzard. We look forward to 🧲 a future where players globally have more choice to play their favorite games.”

    In the United States, the FTC had argued 🧲 the acquisition deal would hurt consumers whether they played video games on consoles or had subscriptions because Microsoft would have 🧲 an incentive to shut out rivals like Sony Group.

    However, Judge Jacqueline Scott Corley ruled on 11 June: “The FTC has 🧲 not shown it is likely to succeed on its assertion the combined firm will probably pull Call of Duty from 🧲 Sony PlayStation, or that its ownership of Activision content will substantially lessen competition in the video game library subscription and 🧲 cloud gaming markets.”

    To address the FTC’s concerns, Microsoft had agreed to license Call of Duty to rivals, including a 10-year 🧲 contract with Nintendo, contingent on the merger closing.

    On Sunday, Microsoft did not disclose the duration of the agreement with Sony.

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    What is a Weak Yen?

    A weak yen refers to the decreased value of the Japanese yen in comparison with other 🍋 currencies. This tends to make Japanese goods and services cheaper for foreign buyers, while imports become more expensive for Japan.

    Reasons 🍋 Behind a Weak Yen

    The value of the yen is influenced by several elements, such as interest rates, inflation, and economic 🍋 growth. At present, the yen is weak due to the Bank of Japan maintaining a loose monetary policy, unlike most 🍋 main economies that are tightening theirs. This gap in interest rates has led to the yen's devaluation.

    Effects of a Weak 🍋 Yen

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