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Sony Market Shares Fall After Microsoft Activision Blizzard Deal

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Yukesh Prabhu
Yukesh Prabhu
A dedicated student of Journalism with high aspiration in Reporting and content writing. A keen communicator and researcher with an expertise in content curation.

On January 18, after a fine afternoon, the gaming realm witnessed an unprecedented historical occurrence; the Xbox manufacturer Microsoft announced its interest in acquiring the call of duty maker Activision in a chronicled sum of $68.7 billion, which carves the biggest acquisition in the walls of the gaming industry.

Activision is well known for its inevitable projects like War of Warcraft, Call of Duty, and many more; perhaps the first-ever exploit the game enthusiasts have taken soon after an uncountable acquisition might be “WAIT, WHAT upcoming add-on of “Call Of Duty games won’t be available on PlayStation” what could have been this statement makes its path into the forecasted way, what else would it be, What could we do, waiting for official information.

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Still, wherefore we couldn’t say it, thereupon Microsoft announced that they would consider some Activision games to be available on PlayStation; Phil Spencer, the Chief Executive Officer, has considerable forethought to shuffle the cards to bring the best future for the Xbox platform.  

Phil Spencer has mentioned that “it’s not our intent to pull communities away from that platform. In any case, one company had tepidly affected by the Xbox announcement, Good heaven; it was Sony shares that have floundered for the past 12 hours.

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The unswerving aftermaths of the Xbox acquisition of Activision on Sony’s share price are still unknown. However, the notable diminish on Tuesday is unquestionably true. It is said that the Company’s shares have ended with a 7.17% down on the New York Stock Exchange, one hour after the announcement went live and since has declined to 13%, which dots their lowest close since October 20;

Sony stockholders suggest that the tech giant Sony is now packed in a box with a lot of dreadful news; it should move their intention to make some big acquisition or hunt for other available opportunities to blossom in the garden.

According to DFC Intelligence, Sony and Nintendo Switch are facing a huge drawback after Microsoft, and its competitors made an elementary acquisition to keep their high in the markets, and also Sony and Nintendo are offering their superlative contributions in the gaming business. However, they couldn’t compete with much the more advanced prudent area the market is heading. 

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