Sony slides on 'monumental challenge' from Microsoft gaming deal

  • 📰 Reuters
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

Shares 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.

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.

Many industry observers believe operability across multiple platforms is essential for the success of a metaverse where users can game, shop and work freely as advances in cloud technology weaken ties to the bulky gaming hardware that made Sony and Microsoft industry gatekeepers. "If Microsoft continues to provide these games to platform as well, that would indicate that it may be positioning itself for metaverse in the long-term," Jefferies analyst Atul Goyal wrote in a client note.Reporting by Sam Nussey; Editing by Muralikumar AnantharamanSubscribe to our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.

 

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

No one wants a Shitbox still. Oh well.

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:

 /  🏆 2. 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.

Sony Pictures India Moves Into Tamil Cinema With Kamal Haasan ProjectSony Pictures Films India (SPFI), the Indian production arm of Sony Pictures International Productions, is targeting a move into the growing regional Tamil cinema industry. To kick-start the endeav… vivekkrishnani
Source: DEADLINE - 🏆 109. / 63 Read more »

European fans can now register to buy a PS5 directly from Sony - GamepurSupplies are limited, but Europeans in want of a PlayStation 5 might be able to snag one from the source.
Source: Gamepur - 🏆 277. / 63 Read more »

Kamal Haasan Sets Disney Plus Hotstar Show ‘Bigg Boss Ultimate,’ Sony Pictures India Tamil Language Project – Global BulletinSTREAMING Revered Indian actor and filmmaker Kamal Haasan (“Papanasam”) will return as the host of “Big Boss Ultimate,” a Tamil-language version of the “Big Brother&8…
Source: Variety - 🏆 108. / 63 Read more »

Microsoft Acquires Activision Blizzard in Gaming Industry's Biggest Deal YetMicrosoft acquires 'Call of Duty' studio Activision Blizzard in the gaming industry's biggest deal yet.
Source: Collider - 🏆 1. / 98 Read more »

Microsoft acquires gaming company Activision Blizzard for $68.7BMicrosoft buys gaming company Activision Blizzard for $68.7 billion, gaining access to blockbuster games like “Call of Duty' and ”Candy Crush' Wow!
Source: trtworld - 🏆 101. / 63 Read more »

Microsoft Buys Activision Blizzard For $68.7 BillionThe all-cash deal will let Microsoft accelerate mobile gaming and gain access to blockbuster games like “Call of Duty” and ”Candy Crush.” I never thought of meeting a legit bitcoin trader after been scammed many times at my age but the heavens sent Michael90078 guided me and help me make a living through bitcoin with my cash app, I recommend you to meet her now and also be a beneficiary of good work Apple should have bought that so we can play COD mobile on Mac
Source: HuffPostWomen - 🏆 27. / 68 Read more »