Microsoft says ‘we have lost the console wars’ as FTC hearing gets underway

Microsoft says it has “lost the console wars” in a court filing ahead of its legal battle with US antitrust agency the Federal Trade Commission.

The Xbox maker is currently in court to defend its $69bn USD Activision Blizzard acquisition, which the FTC is fighting to block through an injunction ahead of its own internal deliberations.

As part of a (heavily redacted) court filing intended to supplement the five-day case, Microsoft has once again attempted to portray itself the underdog in the console market.

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