Sony ends down nearly 13 percent on Microsoft-Activision deal

Agence France-Presse

Posted at Jan 19 2022 02:56 PM

 Sony Corp's logo is seen at its news conference in Tokyo, Japan November 1, 2017. Kim Kyung-Hoon, Reuters/File Photo
Sony Corp's logo is seen at its news conference in Tokyo, Japan November 1, 2017. Kim Kyung-Hoon, Reuters/File Photo

TOKYO - Shares in Japan's Sony plunged Wednesday, ending down nearly 13 percent after Microsoft announced a landmark $69 billion deal to buy US gaming giant Activision Blizzard.

The move, which will make Microsoft the third-largest gaming company by revenue behind Tencent and Sony, sent the Japanese entertainment and electronics conglomerate down 12.78 percent to 12,410 yen by market close in Tokyo.

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