So its done huh, Pandoras box has officially been opened

. Now that the precedent has been set that there's nothing really stopping MS from buying the biggest publishers since everything is smaller than Activision, Im not really sure what is stopping MS from steamrolling here long-term. Initially they might face halfhearted resistance from regulators but as we have seen with the CMA basically falling over themselves to get the deal closed within microsofts timeline in the last hearing said regulations would just be facesaving measures MS has too much pull and they have roundabout measures to get things through.
Sony cant handle the finanical pull needed to pull off a gamepass scenario so will be forced to go for smaller studios and publishers leaving Microsoft to gobble up the bigger ones leaving almost zero independent studios which is just sad for the industry. Sony has a good legup in its current position which will carry them until the latter stages of this gen but once COD, doom, diablo, fallout, ES and the other shit that MS consolidates falls day 1 on gamepass....yeah worrying times ahead.
Also before people start laughing kindly look up Microsoft's history of consolidation in markets and see how damn successful they are in this strategy. In the short term Sony will compete and will win this gen overall but longterm..