Sony is preparing for big premieres, but investors are waiting for more concrete actions. The latest report from the stock exchange confirms the disastrous situation of the Japanese manufacturer, which is allegedly related to yesterday’s announcement by Microsoft.
We already reported a decline in Sony’s share price a few hours ago, but things are now much worse. According to the Financial Times and Bloomberg, the Japanese manufacturer has lost around $ 20 billion in market value.
Sony saw a 13% drop in its share price – its worst day on the stock market since October 2008, when the company was forced to recall 100,000 laptop batteries from the market due to a failure.
There are many voices that the situation has nothing to do with yesterday’s announcement of Microsoft, but specialists disagree with this, as the shares of Japanese publishers (for example, Square Enix, Capcom, Konami) increased by about 5%, and the market price of Ubisoft jumped by 11 %. The situation is interesting as all of these companies are seen as “Microsoft’s next target”.
We can suspect that the Redmond corporation will now deal with the finalization of the acquisition and probably only in a dozen or so months we will hear about the next moves by Phil Spencer. As you know, Microsoft’s lawyers must ensure that the transaction with Activision Blizzard is successfully completed.