TOKYO (Reuters) - Sony Group, perched atop the gaming sector, is facing a fresh challenge from cash-rich rivals betting on a next-generation online video game boom as the Japanese conglomerate eyes expansion on multiple fronts, including electric cars.
Microsoft Corp, a laggard in the generational console battle with Sony, took a major step to position itself for the "metaverse" - a proposed immersive experience where people game, shop and socialise online - with a $69 billion deal for "Call of Duty" developer Activision Blizzard.