Microsoft Just Delivered a Knockout Punch to the PlayStation 5

Microsoft Just Delivered a Knockout Punch to the PlayStation 5
·5 min read

Microsoft (NASDAQ: MSFT) shook Wall Street when it announced the acquisition of video game publishing giant Activision Blizzard (NASDAQ: ATVI) for a whopping $68.7 billion on Tuesday, but a rival felt the tremors when the maker of the Xbox consoles revealed its proposed acquisition. Shares of Sony (NYSE: SONY) plunged 7% on Jan. 18 when Microsoft announced the deal, followed by a 5% drop on Jan. 19.

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