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Asharq Al-Awsat
Asharq Al-Awsat
Technology
Asharq Al-Awsat

Sony Slides on ‘Monumental Challenge’ from Microsoft Gaming Deal

Microsoft Sony Japan Activision Activision Blizzard PlayStation Sony Group
Sony Corp's logo is seen at its news conference in Tokyo, Japan November 1, 2017. (Reuters)

Shares in Japan's Sony Group fell 9% on Wednesday after gaming rival Microsoft said it will buy developer Activision Blizzard in a record $68.7 billion deal for the industry.

While Sony's PlayStation is widely seen as having a lead in the generational battle with Microsoft's Xbox, the purchase of the "Call of Duty" maker comes as Microsoft is aggressively expanding its Game Pass subscription service.

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