- by foxnews
- 25 Nov 2024
Microsoft takeover of Call of Duty games firm wipes $20bn off Sony shares
Microsoft takeover of Call of Duty games firm wipes $20bn off Sony shares
- by theguardian
- 20 Jan 2022
- in technology
1.3 k views
$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.
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