Posted: January 20, 2022 at 3:39 pm TWG Source Microsoft Deal Wipes $20 Billion Off Sony\’s Market Value in a Day (Bloomberg) — Sony Group Corp. shares fell 13% in Tokyo on Wednesday, their biggest drop since October 2008, after PlayStation rival Microsoft Corp. announced a $69 billion deal to acquire games publisher Activision Blizzard Inc.The blockbuster acquisition escalates Microsoft’s spending spree to secure intellectual property assets for its Xbox Game Pass service, wiping $20 billion off Sony’s valuation in a day. The push to attract paying subscribers with an overwhelming portfolio of games chall Via Leave a Reply Cancel replyYou must be logged in to post a comment.