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The announcement comes after Microsoft on Friday defeated a last-ditch effort by the US Federal Trade Commission to scuttle the πŸ€ company'sR$68.7 billion purchase of Activision Blizzard. The Ninth Circuit Court of Appeals declined to grant the regulator an emergency stay πŸ€ of a ruling that allows the deal to proceed in the US. The United Kingdom's Markets and Competition Authority (CMA) πŸ€ is the last remaining regulator of note opposed to the purchase, but the watchdog and Microsoft recently agreed to put πŸ€ their legal battle over the deal on hold and negotiate a compromise.

We are pleased to announce that Microsoft and @PlayStation πŸ€ have signed a binding agreement to keep Call of Duty on PlayStation following the acquisition of Activision Blizzard. We look πŸ€ forward to a future where players globally have more choice to play their favorite games. β€” Phil Spencer (@XboxP3) July πŸ€ 16, 2024

"From Day One of this acquisition, we’ve been committed to addressing the concerns of regulators, platform and game developers, πŸ€ and consumers," Microsoft President and Vice Chair Brad Smith tweeted in response to Spencer's post. "Even after we cross the πŸ€ finish line for this deal’s approval, we will remain focused on ensuring that Call of Duty remains available on more πŸ€ platforms and for more consumers than ever before."

Before today, Jim Ryan, the president and CEO of Sony Interactive Entertainment, made πŸ€ clear he was strongly opposed to Microsoft's Activision bid. β€œI don’t want a new Call of Duty deal. I just πŸ€ want to block your merger,” Ryan told Activision CEO Bobby Kotick. β€œI told him [Kotick] that I thought the transaction πŸ€ was anti-competitive, I hoped that the regulators would do their job and block it,” Ryan later said during his testimony πŸ€ at the FTC v. Microsoft hearing. But with the purchase all but set to move forward, Sony likely had no πŸ€ choice but to come to terms with its rival.

Update 2:57PM ET: Added more information about the length of the agreement.

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