Sony Stock Dives Following Microsoft S Acquisition Of Activision Blizzard
According to Bloomberg, this is the largest that Sony stock has fallen in price since 2008. The 13% drop effectively translates to a $20 billion nose dive in Sony’s valuation, which is a lot of money. Naturally, fans are wondering how Sony will respond to Microsoft’s most recent business deal now that it has resulted in a huge financial loss for the company’s market cap. One of the more prevailing theories (and obvious ones) is that Sony will go ahead and buy another company....