I think that the cloud assets Microsoft has in Azure are a far more eminent competitive threat than buying Activision. Microsoft has against Sony the advantage

I think that the cloud assets Microsoft has in Azure are a far more eminent competitive threat than buying Activision. Microsoft has against Sony the advantage of being able to leverage its cloud division to undercut Sony with GamePass. From day one, Microsoft has datacenters close to most markets and can just add more and more racks of Xboxes in those locations, leveraging their investments in the cloud business to gain an advantage in the gaming business.