After Microsoft flexed its muscles to acquire Activision Blizzard, Sony has already felt the effects of the move. Sony’s stock reportedly plummeted $20 billion a day after Microsoft’s news broke.
As detailed in a report by Bloomberg, shares in Sony Group Corp. It was reportedly up 13% in Tokyo on Wednesday, just a day after Microsoft announced its $68.7 billion deal with Activision Blizzard. According to the report, the drop itself is the largest single drop in Sony stock since October 2008.
Both Sony and Microsoft have presented different approaches to gaming. Sony has always had a strong first-party set of games, while Microsoft has done a great job building its “Game Pass” system.
With Microsoft trying to have a stronghold in the video game landscape, everyone is patiently waiting to see how Sony would react, and with the news of the stock hit, the market is clearly waiting for you too.