Sony Group shares fell as much as 9.6% after Microsoft announced a $69-billion deal to acquire games publisher Activision Blizzard.
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Microsoft’s pitch, as with its other large gaming deals, heavily leveraged gaming chief Phil Spencer’s decades-long industry experience.
Microsoft said on Tuesday it would buy videogame publisher Activision Blizzard in an all-cash transaction valued at $68.7-billion. It’s the biggest-ever acquisition in the IT industry.
Microsoft said it has observed “destructive malware” in systems belonging to several Ukrainian government agencies and organisations.
Microsoft has lured away a veteran semiconductor designer from Apple as it looks to expand its own semiconductor efforts.
In a surprise development, Altron has announced that its CEO, Mteto Nyati, will step down at the end of June.
Investors have enjoyed world-beating returns for years by owning shares of trillion-dollar technology companies.
Big Tech powered US stocks to a third straight winning year in 2021, as giants such as Apple and Microsoft continued to see strong demand.
Promoted | Revix unpacks the continued institutional interest in the crypto market heavyweights as well as the rise of Web 3.0 and the impact it could have.
Microsoft will not participate in person at CES, joining a list of companies opting not to have a physical presence at next month’s event.