Sony Share Prices Drop After Microsoft Purchase Of Activision Blizzard

The gaming industry has come to terms with the bombshell of Activision Blizzard being purchased for just under $70 billion. It left Sony reeling and the future of many IPs raising questions of what happens to future PlayStation releases. No doubt this announcement as the months go by will give many pieces of information such as the scope of this purchase.

Sony suffered another blow when it was found that its shares had dropped 13%. It appears the Tokyo stock market reaction was not a positive one.

How this will affect them

It is one of the largest falls in their share value. Back in October of 2008 was the last time Sony suffered a share price drop of this size. This coincided with when they had to recall a significant number of laptop batteries due to risk of fire. This time around the share price drop was found by the Financial Times. This drop hit the market value by $20 billion.

It wasn’t all bad news from the Tokyo stock market as other companies recorded a rise in their share price. Publishers such as Capcom, Konami, and Square Enix reported a rise of around 5%. Ubisoft, another company rumored to be purchased by Microsoft, share prices increased by 11%. They are still to confirm a date for their subscription service coming to the Xbox console family.

This deal is of a massive scale and could take a good while to finalize. Potentially we’ll be into 2023. Reports suggest this is when Bobby Kotick leaves as CEO.

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