Shares in Japan's Sony Group fell 9% on Wednesday after gaming rival Microsoft said it will buy developer Activision Blizzard in a record $68.7 billion deal for the industry.
PlayStation is a major source of revenue for Activision, complicating any potential decision by Microsoft to remove titles from Sony systems and squeeze its rival.
Many industry observers believe operability across multiple platforms is essential for the success of a metaverse where users can game, shop and work freely as advances in cloud technology weaken ties to the bulky gaming hardware that made Sony and Microsoft industry gatekeepers. "If Microsoft continues to provide these games to platform as well, that would indicate that it may be positioning itself for metaverse in the long-term," Jefferies analyst Atul Goyal wrote in a client note.Reporting by Sam Nussey; Editing by Muralikumar AnantharamanSubscribe to our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
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