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PlayStation-maker Sony is escalating its competition with Xbox-maker Microsoft by buying the video game studio behind one of Xbox’s hit games

PlayStation-maker Sony is escalating its competition with Xbox-maker Microsoft by buying the video game studio behind one of Xbox’s hit games.

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(CNN) — Microsoft announced plans to acquire Activision Blizzard, the video game company behind blockbuster hits like “Warcraft,” “Overwatch” and “Call of Duty,” in an all-cash transaction valued at $68.7 billion. Microsoft says that the move will make the company the third-largest gaming company by revenue, after Tencent and Sony. Bobby Kotick, the controversial CEO […]

Sony expects PlayStation 5 shortages to continue into 2022 '); } The current console generation may have kicked off in late 2020, but component shortages and high demand have made both the Xbox Series X|S and PlayStation 5 difficult to come by even months after launch. Unfortunately, executives at Sony aren't expecting the ongoing supply issues to end any time soon. According to executive comments passed along by Sony investors to Bloomberg, Sony doesn't expect to get ahead of demand until next year at least. "I don't think demand is calming down this year," Sony CFO Hiroki To...