Image via Activision

It didn't take long for the impact of Microsoft'due south surprise acquisition of Activision Blizzard to be felt around the gaming world. When the news broke, information technology sent journalists into a whirlwind to try to react, but we didn't find out how the purchase would bear on the markets until this morning.

Sony Group Corporation, which has long been Microsoft's primary contest in the gaming sphere, felt the touch almost immediately. When markets opened in Tokyo on Midweek morning, shares of the electronic giant fell past more than 13%. This meant that the news effectively wiped more than $twenty billion off Sony'southward value in a matter of hours.

This isn't necessarily surprising, given how large the purchase is and the manufacture's reaction to the news. The motility opens the door to a range of new exclusives for Microsoft consoles and growth of their pop Game Pass service. On the other paw, no one expects Sony to exist able to match Microsoft's spending power when it comes to purchasing companies and developers, then information technology is uncertain how they are likely to respond to this announcement.

Information technology isn't all bad news for game developers, though. Both Capcom and Foursquare Enix rose more than 3 percent in the Tokyo markets as the purchase potentially improved the value of game companies with strong IP portfolios.