Amir Anvarzadeh: top related news
19.01 / 16:01
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Sony’s Market Value Dropped By $20 Billion After Microsoft’s Activision Blizzard Deal Announcement
Microsoft's $68.7 billion deal to acquire Activision Blizzard sent shockwaves throughout the industry this week, even reaching far enough to seemingly shake up Sony's worth on the global market. Sony Group Corp. share fell by as much as 13% after the Microsoft deal was made public, effectively wiping $20 billion off Sony’s valuation. This was the largest dip in the Japanese conglomerate's share price since October 2008, back when the company recalled 100,000 laptop batteries due to potential fire hazard issues.