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Sony slides 9% as Microsoft gaming deal casts shadow -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: The Sony Corp logo can be seen during the company’s news conference, Tokyo Japan on November 1, 2017. REUTERS/Kim Kyung-Hoon

TOKYO, Reuters – Japan shares Sony (NYSE) Group lost 9% after Microsoft (NASDAQ) announced it was buying Activision Blizzard, a developer (NASDAQ) for a record $68.7billion.

Although Sony’s PlayStation has been widely regarded as leading in the battle for the next generation with Microsoft’s Xbox console, Microsoft purchased the “Call of Duty” maker as it is expanding its Game Pass subscription.

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