Sony slides 2% as Microsoft flashes cash to boost games lineup


FILE PHOTO  Sony Corps logo is seen at its news conference in Tokyo Japan November 1 2017. REUTERSKim Kyung-HoonFile photo

Sony’s PlayStation 5 is expected by analysts to outsell Microsoft’s next-generation Xbox consoles when the devices launch in November, bolstered by Sony’s stronger games pipeline including exclusives like Marvel’s Spider-Man: Miles Morales. — Reuters

TOKYO: Sony Corp’s shares slid as much as 2% in Tokyo trade on Sept 23 after Microsoft Corp said it would buy the parent of games publisher Bethesda Softworks, in a deal to bolster its games slate as it eyes cloud gaming expansion.

Sony’s PlayStation 5 is expected by analysts to outsell Microsoft’s next-generation Xbox consoles when the devices launch in November, bolstered by Sony’s stronger games pipeline including exclusives like Marvel’s Spider-Man: Miles Morales.

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