Sony slides 9per cent as Microsoft gaming deal casts shadow

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TOKYO : Shares in Japan's Sony Group fell 9per cent on Wednesday 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 purch

TOKYO : Shares in Japan's Sony Group fell 9per cent on Wednesday 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.

 

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