Friday, March 29, 2024
News

Sony shares slump after Microsoft's largest buyout in gaming history

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi | Wednesday, 2022 5:45:08 PM IST
Shares of Japanese technology giant Sony have slumped in Tokyo trade after Microsoft said it plans to buy mega games company Activision Blizzard, BBC reported.

The deal worth $68.7 bn, would be Microsoft's biggest ever buyout and the largest deal in gaming history, the report said.

It would see the US firm owning popular gaming franchises including Call of Duty, Warcraft and Overwatch.

The deal would be a major step for Microsoft's Xbox gaming brand in its battle against Sony's PlayStation, the report said.

It also comes a year after Microsoft bought another influential gaming company, Bethesda for $7.5 bn.

Buying the troubled but successful Activision would turn Microsoft into the world's third-biggest gaming company by revenue, behind China's Tencent and Sony, marking a major shift for the industry, the report said.

Microsoft said the Activision-Blizzard deal would help it grow its gaming business across mobile, PC and consoles as well as providing the building blocks for the metaverse.

The purchase of the Call of Duty maker comes as Microsoft is also aggressively expanding its Game Pass subscription service.

"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," MIcrossoft's chief executive Satya Nadella said.

--IANS san/skp/

( 234 Words)

2022-01-19-11:54:06 (IANS)

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Availability and cost of capital most im...
Religare Enterprises Ltd. (REL), Sir Gan...
BD India Launches UltraTouch; a New Age ...
The Art of Living upgrades its Bengaluru...
Introduction of T+0 rolling settlement c...
EC-Council Renews USD 3.5 Million Cybers...
More...
 
INDIA WORLD ASIA
'Three parties have allied directly...':...
Eknath Shinde's Shiv Sena releases first...
Jailed gangster-turned-politician Mukhta...
Chennai: Three dead after false ceiling ...
Uttar Pradesh: Security tightened in Ali...
AAP workers protesting against Kejriwal'...
More...    
 
 Top Stories
Pakistan Tehreek-e-Insaf to hold ra... 
Miami Open: Bopanna-Ebden storms in... 
Anju Bobby questions IOA's decision... 
"Three parties have allied directly... 
8 people killed after pickup truck ... 
IPL 2024: Rishabh Pant feels 'disap... 
Eknath Shinde's Shiv Sena releases ... 
"Thought we could win series": Craw...