Markets

Sony shares shaky as US judge green lights Microsoft acquisition of Call of Duty maker

PlayStation maker opposes the $69 billion deal, arguing that it would give Microsoft excessive market power

Shares at Sony fell by as much as 2.7 per cent on Wednesday. Picture: Getty

Shares at Sony fell by as much as 2.7 per cent on Wednesday in Tokyo after a US federal judge ruled in favour of Microsoft’s $69 billion takeover of video game firm Activision Blizzard.

The Tokyo-based PlayStation maker has rigorously opposed the deal, arguing that it would give Microsoft excessive market power by letting it control the lucrative Call of Duty franchise.

Microsoft has said it intends to keep the game on Sony’s platform, pointing ...