Not to stoke the console war flames, but it looks like Sony is in the middle of dealing with the Xbox Activision Blizzard purchase. After news of the deal dropped yesterday, January 18th, Sony stock plummeted overnight.
In total, shares in Sony have lowered by 13 percent in the wake of the deal. Bloomberg noted that this drop equates to about $20 billion in market value. Ouch.
It's not really a surprise to see confidence in Sony and PlayStation drop after such a huge deal for Xbox. The amount is quite shocking mind, although our concept of money has been completely skewed after the Activision deal, to be honest.
Look, this shouldn't affect Sony or PlayStation too much, especially for us as end users. We'd be surprised if Sony doesn't react in some way though. Whether that's an acquisition of their own, or the announcement of the company's Game Pass competitor, remains to be seen.
Do you think Sony will be worried about the Xbox and Activision deal? Let us know below.