Sony shares skyrocket after the company announces partnership with Microsoft, share buyback

  • 📰 CNBC
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 72%

United States Headlines News

United States Latest News,United States Headlines

Shares of Japanese conglomerate Sony surged in morning trade on Friday after the company announced the previous day a share buyback of more than $1 billion.

highlight that the next competitive dynamic of the games sector is centered on the cloud, " said Piers Harding-Rolls, a director and head of games research at IHS Markit. "Companies with access to cloud infrastructure, with a scaled and efficient service delivery capability are well positioned to succeed in this next wave of disruption in the games industry."

Harding-Rolls said the announcement was unlikely to have "any major industry or market impact in the short term."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Went up $2!

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:

 /  🏆 12. in US

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, Sony partner on streaming games, chips and AIMicrosoft Corp and Sony Corp on Thursday said they struck a strategic partnershi... StephenNellis What now, a PSX-Box?
Source: Reuters - 🏆 2. / 97 Read more »

Sony to buy back up to 4.8% of stock through March 2020Sony Corp said on Thursday it would buy back shares worth up to 200 billion yen ... Way to go - that’s how you invest in your employees. Heavy sarcasm.
Source: Reuters - 🏆 2. / 97 Read more »

Microsoft and Sony's surprise game streaming alliance is a shocker, and it raises an uncomfortable truth about the cloud warsThe titanic team-up between Microsoft and Sony is really reflective of something funny about the cloud computing market, dominated by Amazon, Microsoft, and Google. Variety THR another monster player emerges. Do the networks have a prayer of surviving?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stocks making the biggest moves premarket: Walmart, Pfizer, PG&E, Sony, Tesla & moreThese are the stocks posting the largest moves before the bell. Tesla acquired Maxwell yesterday, but guess CNBC has poor researchers. They only found a story about a guy in Florida who turned on cruise control, took his hands off the wheel and got in a wreck going 70.
Source: CNBC - 🏆 12. / 72 Read more »

I kept hearing about these 'Bose-killer' headphones, so I finally tried them out — and they're seriously goodThe Sony WH-1000 XM3 headphones are worthy adversaries for the Bose QC35. Here's how to know which pair is better for you. Don't you think you should have tried them earlier..! techinsider Stop buying ridiculously priced headphones. Speaker parts are cheap and headphones are hugely overpriced at the moment. Reduce demand and let the prices fall to more reasonable levels.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Spider-Man stars in United Airlines' new safety videoUnited Airlines, Sony and Marvel worked together to weave safety instructions into a fast-paced film starring Spider-Man and some of his friends.
Source: USATODAY - 🏆 100. / 63 Read more »

JPMorgan Says New Blockchain Partnership With Microsoft Will Solve Business and Social ProblemsJPMorgan is partnering with Microsoft to bring blockchain to enterprises by DelRayMan WongYK8 DelRayMan You might as well be partnering with the kiss of death. IMO DelRayMan A chain that excludes most and places uncertainty and dispair among operators and customers! Prune,without pain,not otherwise! DelRayMan It's just the trailer movie still remains.
Source: Forbes - 🏆 394. / 53 Read more »

Microsoft, Sony partner on streaming games, chips and AIMicrosoft Corp and Sony Corp on Thursday said they struck a strategic partnershi... StephenNellis What now, a PSX-Box?
Source: Reuters - 🏆 2. / 97 Read more »

Impossible Foods raises $300 million as the meat-substitute company struggles to meet skyrocketing demandImpossible Foods has raised another $300 million in funding as the market for vegan meat substitutes heats up. Then management sucks...do you need a crayon 🖍 💋🤦‍♂️ I'm told general fillers and dyes are okay for our Health. Bright Chicken Wings all orange and red and burgers that are 40 percent filler but eat what tastes okay, don't torture your self with bland or other. I will look after the life of the cow and chicken, they will not suffe
Source: BusinessInsider - 🏆 729. / 51 Read more »

Google And Microsoft Announce Game-Changing Developments In AIHere’s a look at Google I/O and Microsoft Build.
Source: Forbes - 🏆 394. / 53 Read more »

Microsoft's AI For Accessibility Announces New Grantees: From Chatbots To Nerve-Sensing WearablesMicrosoft's AI for Accessibility program announced seven new grantees that are working to improve the lives of people with disabilities. What?! I’m a Granty, why’s this the first I’m hearing of this?! 🤔🤔🤔🤔🤓 puns
Source: Forbes - 🏆 394. / 53 Read more »