Jan 19, 2022
Sony slides on Microsoft-Activision Blizzard tie-up plan
Shares in Japanese technology giant Sony have slumped in Tokyo trade after Microsoft said it plans to buy mega games company Activision Blizzard. The deal worth $68.7bn, would be Microsoft's biggest ever buyout and the largest deal in gaming history. The deal would be a major step for Microsoft's Xbox gaming brand in its battle against Sony's PlayStation. "We're investing deeply in world-class content, community and the cloud to usher in a new era of gaming that puts players and creators first and makes gaming safe, inclusive and accessible to all," Microsoft's chief executive Satya Nadella said in a statement. In the battle for popularity with gamers, Sony's PlayStation 5 is widely seen as having the lead over Microsoft's fourth generation Xbox models.
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