Microsoft acquires Blizzard Sony's stock price plummets, and its market value evaporates by $20 billion in one day! 丨 A hot stock

After Microsoft announced its $68.7 billion acquisition of game developer Activision Blizzard, the market shook violently. Microsoft's main rival in the gaming world, Sony, was particularly frustrated. On Jan. 19, Sony's stock price plummeted 13 percent, reducing its market value by about $20 billion in a single day.

Microsoft's latest deal makes it the owner of popular games like Call of Duty, meaning it's investing more in gaming content as the gaming industry transitions from a console market to an online platform.

Sony has long been considered a leader in the console game market. Some market analysts point out that After Microsoft's acquisition of Activision Blizzard, Sony will face greater challenges.

In the longer term, as competition heats up in the online gaming market, both Sony and Microsoft are looking at potential competitors such as Apple, Amazon and Facebook. Sony has recognized the long-term limitations of the console-centric gaming business. In the future, high-quality game content may be more attractive to consumers than better performance console hardware.

Microsoft acquires Blizzard Sony's stock price plummets, and its market value evaporates by $20 billion in one day! Click on the video to see for yourself!