Microsoft's Activision Blizzard Deal Won't Hurt Sony's PlayStation Business
Sony's (NYSE: SONY) stock recently tumbled to a three-month low after Microsoft (NASDAQ: MSFT) announced its planned takeover of Activision Blizzard (NASDAQ: ATVI) for $68.7 billion. Sony's stock dropped for two simple reasons -- investors assumed Microsoft would add Activision's games to its subscription-based Game Pass service and that it would turn Activision's future games into exclusives for Xbox consoles and Windows PCs.
