“We are pleased to announce that Microsoft and @PlayStation have signed a binding agreement to keep Call of Duty on PlayStation following the acquisition of Activision Blizzard. We look forward to a future where players globally have more choice to play their favorite games.”
https://twitter.com/XboxP3/status/1680578783718383616
No word on how long the deal is for, but my guess would be 10 years.
I’d argue this deal is happening now because the anti trust cases are going in Microsoft’s favor. Microsoft and Sony have been in talks for a while to settle the Call of Duty on PlayStation deal but Sony probably thought it would be beneficial to hold off on this deal until the last possible moment in case it gave ammo to the FTC/CMA to stop the merger from happening.