Investors erased 10% of Sony's market value after Microsoft's $69 bln swoop for Activision. The Japanese group may no longer be a match against its far-larger rival as gamers look beyond consoles, says mak_robyn
Sony’s shares fell as much as 10% to 12,830 yen on Jan. 19 following Microsoft's announcement that it will buy video-games developer Activision Blizzard in an all-cash transaction valued at $68.7 billion.An employee of the consumer electronics retailer chain Bic Camera works at the promotion display of the Sony PlayStation 5 game console and its gaming software, ahead of the game console's official launch, in Tokyo, Japan November 10, 2020.
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