Business

Sony ends down nearly 13 pc on Microsoft Activision deal


By AFP
Published : 19 Jan 2022 09:12 PM

Shares in Japan's Sony plunged Wednesday, ending down nearly 13 percent after Microsoft announced a landmark $69 billion deal to buy US gaming giant Activision Blizzard.

The move, which will make Microsoft the third-largest gaming company by revenue behind Tencent and Sony, sent the Japanese entertainment and electronics conglomerate down 12.78% to 12,410 yen by market close in Tokyo.