, which may take more than a year to close, would make it the world’s third largest games company by revenue, after China’s Tencent and Japan’s Sony.
A year ago, Game Pass had 18 million subscribers worldwide. When the deal was announced on Tuesday, Microsoft said that number had increased to 25 million. While the deal news initially dented Sony’s stock, it lifted the shares of other Japanese games companies, moves that financial analysts said may suggest the firms are seen as potential acquisition targets. Shares of Square Enix, Capcom and Konami all climbed by more than 5%. Ubisoft Entertainment shares also rose by 11% on Wednesday.
grattonadam
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Microsoft's Activision Blizzard deal poses 'monumental challenge' to SonyMicrosoft's blockbuster purchase of video game developer Activision Blizzard could pose a serious threat for Sony. Windows 12 ja vai vir com CallofDuty Sony Amazon Games...
Source: cnni - 🏆 326. / 59 Read more »
Sony Shares Tank Over 12% After Microsoft and Activision's $68.7 Billion Tie-Up PlanInvestors fear Microsoft’s planned acquisition of Activision will bring more competition to Sony’s PlayStation and take away key games from Sony’s platforms.
Source: NBCDFW - 🏆 288. / 63 Read more »
Sony Cannot ‘Answer’ The Death Star Microsoft Is Building For XboxSony shares dropped sharply yesterday when it was revealed that its biggest competition in the console space, Microsoft, bought Activision Blizzard for nearly $70 billion, potentially harvesting away a large portion of valuable ga...
Source: Forbes - 🏆 394. / 53 Read more »
Sony takes a big hit in the console warsMicrosoft's blockbuster purchase of video game developer Activision Blizzard could pose a serious threat for Sony. Jim Ryan's anti-Japanese was so terrible that even if he returned the game market to Japan, the Japanese wouldn't buy the PlayStation anymore. Break up these corrupt conglomerates that enrich the powerful & destroy the middle class.
Source: cnni - 🏆 326. / 59 Read more »
Sony slides on 'monumental challenge' from Microsoft gaming dealShares in Japan's Sony Group fell 9% on Wednesday after gaming rival Microsoft said it will buy developer Activision Blizzard in a record $68.7 billion deal for the industry. No one wants a Shitbox still. Oh well.
Source: Reuters - 🏆 2. / 97 Read more »
Sony brings a knife to global video-games gunfightInvestors erased 10% of its market value after Microsoft's $69 bln swoop for Activision. The Japanese group may lose access to some content but that looks manageable for now. The bigger worry is that Sony is no match against its far-larger rival as gamers look beyond consoles.
Source: Breakingviews - 🏆 470. / 51 Read more »