Sony stock dives following Microsoft's acquisition of Activision Blizzard

NEWS

By Ray Ampoloquio January 19, 2022

Microsoft's move to acquire Activision Blizzard is an absolute game-changer for the gaming industry.

Unsurprisingly, it's starting to affect Sony.

According to Bloomberg, this is the largest that Sony stock has fallen in price since 2008.

The 13% drop effectively translates to a $20 billion nose dive in Sony's valuation, which is a lot of money.

Naturally, fans are wondering how Sony will respond to Microsoft's most recent business deal.

One of the more prevailing theories (and obvious ones) is that Sony will go ahead and buy another company.

Another interesting theory is that the deal will force Sony to push up the timeline of its rumored Game Pass competitor, Spartacus.

Of course, despite the acquisition, Sony's gaming revenue is still higher than Microsoft's.

Ultimately, Microsoft's newest purchase was bound to make changes to the gaming industry.

We'll find out within the next couple of years what kind of effect it will have on, not just Sony, but also Microsoft and all of gaming.