20 Jan 2022 By theguardian
$20bn (£14.7bn) has been wiped off the value of Sony after its rival Microsoft announced a record-breaking deal to buy the Call of Duty publisher Activision Blizzard and take the console wars into the metaverse.
Shares in the Japanese conglomerate closed down 13% on Wednesday, their biggest fall since the global financial crisis in 2008, as investors reacted to the possibility that the $70bn bid for Activision Blizzard could result in hit games being pulled from the Sony PlayStation console and subscription service and offered exclusively on the rival Microsoft Xbox.
Are you looking for a holiday? Get special deals.
copyright © 2024 Taree Accommodation. All rights reserved.