Microsoft's Activision Blizzard deal poses 'monumental challenge' to Sony
CNN
Microsoft's blockbuster purchase of video game developer Activision Blizzard could pose a serious threat for Sony.
Shares of the maker of the PlayStation console, a major rival to Microsoft's Xbox, plummeted nearly 13% in Tokyo on Wednesday after Microsoft (MSFT) announced the nearly $70 billion deal. That was the worst plunge in Sony (SNE)'s stock price since 2008, according to data provider Refinitiv.
Microsoft and Sony have competed for decades with iterations of their Xbox and PlayStation consoles, often wooing video gamers with exclusive titles and features.
More Related News