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

By Sam Nussey



a close up of a logo: Sony Corp's logo is seen at its news conference in Tokyo


© Reuters/KIM KYUNG-HOON
Sony Corp’s logo is seen at its news conference in Tokyo

TOKYO (Reuters) – Sony Corp’s shares slid as much as 2% in Tokyo trade on Wednesday 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.”

Microsoft’s $7.5 billion acquisition of the publisher behind hit franchises like “Doom” and “Fallout” helps close that gap, as it pushes into cloud gaming with the launch of a subscription service last week for Android devices.

The Xbox Game Pass is central to Microsoft’s counterattack, with the rival PlayStation Now service from Sony – which has a

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