Shares in Sony have dropped by 13 percent, as the Tokyo stock market reacted to yesterday's industry-shaking announcement that Microsoft will buy Activision Blizzard . The fall in stock price is the largest since October 2008 - the same month Sony was forced to recall 100,000 laptop batteries due to fire hazard. The Financial Times and Bloomberg spotted Sony's sudden stock plunge overnight, and noted it had wiped around $20bn from Sony's market value. There was positive news for other game makers, however. Shares for Japanese publishers such as Square Enix, Capcom and Konami all rose around five percent, while Ubisoft's price surged 11 percent - all perhaps seen as Microsoft's next target. Microsoft's astonishing $68bn price-tag for Activision Blizzard was calculated based on a price of $95 per share - roughly 45 percent above Activision's stock price before the announcement. Come 2023, when the deal is likely finalised, this will give Activision Blizzard's shareholders … [Read more...] about Sony stock value plummets $20bn following word of Microsoft Activision Blizzard deal
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The news that Microsoft is acquiring Call of Duty publisher Activision Blizzard brings with it a lot of baggage. In addition to a number of studios, Activision owns the intellectual property rights to a huge number of games and series. So when the news of the Microsoft acquisition broke, many players immediately wondered if that meant the Xbox maker would now own From Software's Sekiro: Shadows Die Twice . Publishers often acquire the IP rights to games as part of their publishing deals--but that's not always the case. When it comes to Sekiro, the copyright for the game remains with From Software , not with Activision. Thus, while Microsoft is getting a whole lot of brands in the deal, from Call of Duty to StarCraft to Crash Bandicoot, it's not acquiring Sekiro. With Sekiro remaining independent, it means that Microsoft can't immediately add the game to its Xbox Game Pass subscription service, as it has done with Bethesda games after its other big recent acquisition. That … [Read more...] about Will Microsoft Now Own Sekiro: Shadows Die Twice?