- Title: Sony slides on 'monumental challenge' from Microsoft gaming deal
- Date: 19th January 2022
- Summary: HONG KONG, CHINA (JANUARY 19, 2022) (REUTERS) HONG KONG AGRICULTURE, FISHERIES AND CONSERVATION DEPARTMENT (AFCD) STAFF KNOCKING ON ROLLER SHUTTER TO A PET STORE THAT SELLS HAMSTERS STAFF CARRYING DISINFECTANT AFCD STAFF KNOCKING ON ROLLER SHUTTER AFCD STAFF CARRYING BLACK RUBBISH BAGS / AFCD STAFF AFCD STAFF LOOKING ON ROLLER SHUTTER TO STORE OPENING / AFCD STAFF ENTERING
- Embargoed: 2nd February 2022 04:21
- Keywords: Playstation 5 Sony Sony stocks market shares stock price
- Location: TOKYO, JAPAN
- City: TOKYO, JAPAN
- Country: Japan
- Topics: Asia / Pacific,Company News Markets,Economic Events
- Reuters ID: LVA002FUWF98T
- Aspect Ratio: 16:9
- Story Text:Shares in Japan's Sony Group fell 9% on Wednesday (January 19) after gaming rival Microsoft said it will buy developer Activision Blizzard in a record $68.7 billion deal for the industry.
While Sony's PlayStation is widely seen as having a lead in the generational battle with Microsoft's Xbox, the purchase of the "Call of Duty" maker comes as Microsoft is aggressively expanding its Game Pass subscription service.
PlayStation is a major source of revenue for Activision, complicating any potential decision by Microsoft to remove titles from Sony systems and squeeze its rival.
Sony has strengthened its network of in-house games studios in the recent year and delivered a string of exclusive hits, with Microsoft left playing catch-up.
(Production: Akira Tomoshige, Rikako Maruyama) - Copyright Holder: FILE REUTERS (CAN SELL)
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