Microsoft-Activion Deal Wipes $20 Billion Off Sony's Market Value in a Day. Shares fall 13%

[Vini 430]

 

Quote

 

(Bloomberg) -- Sony Group Corp. shares fell 13% in Tokyo on Wednesday, their biggest drop since October 2008, after PlayStation rival Microsoft Corp. announced a $69 billion deal to acquire games publisher Activision Blizzard Inc.

 

The blockbuster acquisition escalates Microsoft’s spending spree to secure intellectual property assets for its Xbox Game Pass service, wiping $20 billion off Sony’s valuation in a day. The push to attract paying subscribers with an overwhelming portfolio of games challenges Sony’s traditional console business model that relies on high-profile exclusive titles and hardware sales. Games and network services account for about 30% of Sony revenue.

 

“Sony will have a monumental challenge on its hands to stand on its own in this war of attrition,” said Amir Anvarzadeh of Asymmetric Advisors. “With Call of Duty now most likely to be added exclusively to the Game Pass roster, the headwinds for Sony are only going to get tougher.”

 

“Sony will struggle to match Microsoft in terms of money it can spend to buy popular game IP,” Morningstar Research analyst Kazunori Ito said. “Falling shares illustrate investors are worried that Sony may not be able to keep winning if indeed the industry shifts away from the hardware-based model.” 

 

 

https://www.bloomberg.com/news/articles/2022-01-19/sony-drops-9-6-in-wake-of-microsoft-activision-deal

 

Cows still have no idea what's happening here. They were so sure this gen was won

 

I can't wait for the incoming slow meltdown on this forum. 

 

Edited January 19, 2022 by Vini

[Tears of the Cows 1,206]

 

the reactions have been so good. Jerry said this is good, because without spryo and cash bandicoot, this will allow people to buy great games like…..Knack.

 

 

also, PS5 now has no fps. Not to fear though….

 

Edited January 19, 2022 by ghostz

[TLHBO 2,160]

Most normal people see trillion dollar megacorps buying up everything and consolodating an industry under a few big players as a bad thing.

 

And then there's Vini

[Vini 430]

2 minutes ago, TLHBO said:

Most normal people see trillion dollar megacorps buying up everything and consolodating an industry under a few big players as a bad thing.

 

And then there's Vini

 

Most normal people see competition as a good thing and one company dominating the whole gen a bad thing. 

 

And then there's Cows. 

[TLHBO 2,160]

9 minutes ago, Vini said:

 

Most normal people see competition as a good thing and one company dominating the whole gen a bad thing. 

 

And then there's Cows. 

The problem there is Sony didn't play dirty, at least not compared to Microsoft standards. Microsoft just had a shitty uninteresting product and couldn't compete. There was always the chance to provide competition.

 

This is just Microsoft throwing around money they cheated from decades of abusing their Windows monopoly and gaming will eventually just be Microsoft, Google, Facebook, Amazon etc with shitty streaming services.

[Tears of the Cows 1,206]

Just now, TLHBO said:

The problem there is Sony didn't play dirty, at least not compared to Microsoft standards. Microsoft just had a shitty uninteresting product and couldn't compete. There was always the chance to provide competition.

 

This is just Microsoft throwing around money they cheated from decades of abusing their Windows monopoly and gaming will eventually just be Microsoft, Google, Facebook, Amazon etc with shitty streaming services.

This is like saying animals  wouldn’t use guns if they knew how.

[TLHBO 2,160]

19 minutes ago, ghostz said:

This is like saying animals  wouldn’t use guns if they knew how.

So what are you saying? That whoever has the most money gets to buy everything else and own the world?

 

I don't even know why I bother with you lemshits you clearly don't have the intelligence to comprehend any of this. Carry on thinking you're elite because your eletronic devices made by children in a Chinese sweatshop have a specific logo on them.

Edited January 19, 2022 by TLHBO

[Vini 430]

4 minutes ago, TLHBO said:

So what are you saying? That whoever has the most money gets to buy everything else and own the world?

 

 

 

They can, but there's monopoly laws. Are you taking a moral stance? I'm not sure what you're saying.  

 

I think we're in for a competitive gen that's gonna be better than the last. And Sony will be forced to launch a real subscription service with day one new games. 

 

Which is better for everyone involved. Thanks to MS paying for each new game is a now an outdated idea. 

 

Edited January 19, 2022 by Vini

[TLHBO 2,160]

2 minutes ago, Vini said:

 

 

They can, but there's monopoly laws. Are you taking a moral stance? I'm not sure what you're saying.  

 

I think we're in for a competitive gen that's gonna be better than the last. And Sony will be forced to launch a real subscription service with day one new games. 

 

Which is better for everyone involved. Thanks to MS paying for each new game is a now an outdated idea. 

 

Funny how gaming moving to nothing more than a subscription service became a good thing right around......ooh right around the time Microsoft put all their eggs in the subscription basket. I'm sure that's just a coincidence.

 

They did the same with online gaming. Thats all Microsoft has ever pioneered in the industry, we've gone from full games to a subscription to play, a premium to play online, and plenty of Microtransactions along the way. Microsoft couldnt give a shit about making a quality product they just want to milk you for everything you're worth.

[Tears of the Cows 1,206]

3 minutes ago, TLHBO said:

Funny how gaming moving to nothing more than a subscription service became a good thing right around......ooh right around the time Microsoft put all their eggs in the subscription basket. I'm sure that's just a coincidence.

 

They did the same with online gaming. Thats all Microsoft has ever pioneered in the industry, we've gone from full games to a subscription to play, a premium to play online, and plenty of Microtransactions along the way. Microsoft couldnt give a shit about making a quality product they just want to milk you for everything you're worth.

No one is forcing you to get the sub. Keep buying these games for more than they’re worth, no one will care about you wasting your money. 

[MalaXmaS 646]

Funny thing is Sony was doing those timed exclusives shit deals with Activision regarding COD maps and game releases.

Cows were shitting on lems for this, then comes MS and in one swipe, destroys their world.

Now cows, are like bu bu teh free competitionz and teh antitruz ;(

 

TCHBFR

[Mr. House 3,371]

Investors panicking had to be expected. Doesn't reflect on the actual sales though.

 

CoD won't even be exclusive to Xbox anyway. 

[jehurey 3,227]

1 hour ago, MalaXmaS said:

Funny thing is Sony was doing those timed exclusives shit deals with Activision regarding COD maps and game releases.

 

 

TCHBFR

Ah............so the funny thing is that.............what Sony was doing is not remotely close than what Microsoft is doing.

 

You're right, that is funny.

[Tears of the Cows 1,206]

2 minutes ago, jehurey said:

Ah............so the funny thing is that.............what Sony was doing is not remotely close than what Microsoft is doing.

 

You're right, that is funny.

Because they can’t. 

[jehurey 3,227]

Just now, ghostz said:

Because they can’t. 

Because they don't need to.

 

That's like you boasting that you can get your uncle to help you get a phone plan.

[Tears of the Cows 1,206]

Just now, jehurey said:

Because they don't need to.

 

That's like you boasting that you can get your uncle to help you get a phone plan.

No, they simply can’t. 

[jehurey 3,227]

Just now, ghostz said:

No, they simply can't ask their uncle to help them get a phone plan.

He's literally doing that.

[Tears of the Cows 1,206]

1 minute ago, jehurey said:

He's literally doing that.

He wants to talk about anything other than Sony.

[jehurey 3,227]

Just now, ghostz said:

He wants to talk about anything other than Sony.

Poor andrew is getting angry because none of his meltdowns are working.

[Tears of the Cows 1,206]

Just now, jehurey said:

Poor andrew is getting angry because none of his meltdowns are working.

Still avoiding any Sony talk