Nobody is making an excuse for anything. That's something that's literally happening to pretty much every service in existence. The FTC will get laughed out of the room claiming it's uniquely consumer harm when Microsoft does it but when Netflix, Spotify, Peacock, Paramount+, Apple TV, Amazon Prime, and almost every subscription service raises prices it's what pro-consumer?
This is why the FTC lost their case because they've been grasping at straws and making weak arguments. If anything this merger damaged gaming because since it Microsoft has shown a desire to put more of their games on rival platforms and has less of a desire to compete with Sony in the console market but that isn't something the FTC can argue in court.
This merger will result in a full blown monopoly. Just not the company the FTC predicted would become one.