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Sony shares fall 7% after news of Microsoft’s deal with Activision Blizzard

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Stock Sony fell more than 7% on Tuesday after news that Microsoft plans to acquire Activision Blizzard. Xbox maker announced ahead of the market opening that it intends to buy a publisher call of duty and World of Warcraft for $68.7 billion, it is the largest deal in the gaming industry.

Microsoft reportedly plans to continue releasing ‘select’ Activision Blizzard games for consoles PlayStation following the expected completion of the takeover in 2023, and Xbox head Phil Spencer stated that “we do not intend to tear communities away from this platform“.

However, it’s worth noting that Spencer made similar comments prior to the completion of Microsoft’s $7.5 billion takeover of Bethesda’s parent company Zenimax.

While previously released Bethesda titles such as The Elder Scrolls Online continue to be supported on PlayStation platforms, and pre-existing exclusive deals for Deathloop and Ghostwire Tokyo have been honored, Microsoft has since confirmed that the company’s big future titles such as Starfield , Redfall and The Elder Scrolls 6 will be exclusive to Xbox and PC.

While the direct impact of news of the Microsoft-Activision Blizzard deal on Sony’s share price is unclear, it dropped significantly on Tuesday. The company’s shares closed the day down by 7.17% on the New York Stock Exchange, which was the lowest level at the close since the end of October 2021.

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