Wednesday, 23 September 2020

Sony slides 2% as Microsoft flashes cash to boost games lineup

By Sam Nussey
TOKYO (Reuters) - Sony Corp's shares slid as much as 2% in Tokyo trade on Wednesday after Microsoft Corp said it would buy the parent of games publisher Bethesda Softworks, in a deal to bolster its games slate as it eyes cloud gaming expansion.
Sony's PlayStation 5 is expected by analysts to outsell Microsoft's next-generation Xbox consoles when the devices launch in November, bolstered by Sony's stronger games pipeline including exclusives like "Marvel's Spider-Man: Miles Morales."
Microsoft's $7.5 billion acquisition of the publisher behind hit franchises like "Doom" and "Fallout" helps close that gap, as it pushes into cloud gaming with the launch of a subscription service last week for Android devices.
The Xbox Game Pass is central to Microsoft's counterattack, with the rival PlayStation Now service from Sony - which ...


Read More on Datafloq

No comments:

Post a Comment