Sony slides on ‘monumental challenge’ from Microsoft gaming deal
Shares in Japan’s Sony Group (6758.T) fell 9% on Wednesday after gaming rival Microsoft (MSFT.O) said it will buy developer Activision Blizzard (ATVI.O) in a record $68.7 billion deal for the industry.
Analysis: Sony faces deep-pocketed rivals in war over future of gaming
Sony Group (6758.T), perched atop the gaming sector, is facing a fresh challenge from cash-rich rivals betting on a next-generation online video game boom as the Japanese conglomerate eyes expansion on multiple fronts, including electric cars.
