Asian Tech Press (Jan 19) -- Sony Group’s share plunges to 13 percent on Wednesday on the Tokyo stock market, the biggest decline since September 2014, Bloomberg reported.

On Jan. 18, Microsoft announced it would acquire game developer and interactive entertainment content publisher Activision Blizzard. Microsoft will acquire Activision Blizzard for $95 per share in a deal worth a total of $68.7 billion, the statement said.

According to the statement, the deal is expected to close in fiscal 2023. After acquiring Activision Blizzard, Microsoft will become the third-largest gaming company globally in terms of revenue after Tencent and Sony.