Sony Falls Most in Almost Two Years on Microsoft-Activision Deal

4 months ago 49

Wishpond
(Bloomberg) -- Sony Group Corp. shares fell as much as 9.8% in Tokyo, their biggest intraday drop since March 2020, after PlayStation rival Microsoft Corp. announced a $69 billion deal to acquire games publisher Activision Blizzard Inc.Most Read from BloombergMicrosoft Buys Scandal-Tainted Activision in Bet on MetaverseFourth Pfizer Dose Is Insufficient to Ward Off Omicron, Israeli Trial SuggestsStock Selloff Deepens as Treasury Yields Climb: Markets WrapDeadly Drone Strikes on UAE Raise Gulf Te
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