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Stock impact report

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

Microsoft Corporation (MSFT) 
Last microsoft corporation earnings: 4/29 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: microsoft.com/en-us/investor
Company Research Source: Reuters
By Sam Nussey 2 Min Read TOKYO, Sept 23 (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 has a dominant hardware install base - seen as lagging in terms of games on offer and by being limited to PlayStation and PC. It wi Show less Read more
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