Microsoft recently announced a $68.7 billion deal to acquire Activision Blizzard, surprising the entire industry, and seemingly shaking up Sony’s global market worth. Sony Group Corp. share fell by as much as 13% after the Microsoft buyout was made public. Effectively, this took $20 billion off Sony’s valuation. This was the largest dip in Japanese corporation’s share price since October 2008. That drop was due to 100,000 laptop batteries being potential fire hazards.
“Sony will have a monumental challenge on its hands to stand on its own in this war of attrition,” Asymmetric Advisors’ Amir Anvarzadeh said to Bloomberg. “With Call of Duty now most likely to be added exclusively to the Game Pass roster, the headwinds for Sony are only going to get tougher.”
In comparison to Sony, Japanese publishers like Capcom, Konami, and Square Enix saw their stock rise by more than %5 on Tokyo’s financial markets. This could be a sign that companies with strong video game IPs are likely to become more valuable as everything else gets swallowed by mega-acquisitions. Ubisoft also did rather well, with its stock price rising 11% by the time the market closed for that day.
For more news on the acquisition of Activision Blizzard, you can check out our list of articles below:
- Every Activision Blizzard Franchise Microsoft Will Obtain Upon Acquisition
- The Internet Had A Field Day With Reports On Microsoft Buying Activision Blizzard
- Original Xbox Creator “Strongly Believes” In Phil Spencer, Amid Reports Of Activision Blizzard Acquisition
- Bobby Kotick May Leave Activision Blizzard If/When Microsoft’s Deal Is Completed