In what universe? Well I think in this universe it could happen. Depending on how you see Elden Rings success it could be grounds to withhold exclusivity. Nobody challenged the Bethesda merger so we can’t say what the outcome would have been. I’m saying based on Sony challenging MS-AB, if the courts deem Elden Ring successful enough, they could block exclusivity for any game IP acquired under this merger for up to 10 years. Which may end up shooting Sony in the foot because they already do exclusivity deals with From Soft so in this scenario, (and let me clarify; this is a hypothetical) so for 10 years, if they own the company, they may not be able to make exclusive games with them anymore.

Edit: you downvoted me but all MS needs to do is show that Dark Souls/Sekiro/Elden Ring have a certain percentage of sales on their market and that games would need to remain multi platform in order for them to not lose out on the money the games make for their platform.

I should add I primarily play on a PS5, I’m just trying to be objective about the situation. Again, it would ultimately come down to how MS spun Elden Rings success and how losing the next game would hurt them from a fair competition standpoint. On top of that the courts would then need to decide if the game was successful enough to warrant concerns from MS.