Sony and Nintendo play FOMO video-game challenge – Reuters

Sony and Nintendo play FOMO video-game challenge – Reuters

HONG KONG, Jan 31 (Reuters Breakingviews) - Fear of Missing Out is set to be the latest video-game sensation. Microsoft's (MSFT.O) $69 billion agreement to buy Activision (ATVI.O) threatens to upend the industry. Sony (6758.T) and Nintendo (7974.T), the respective makers of the PlayStation and Switch consoles, will be under pressure to consider bolder M&A strategies.

The race to build immersive virtual worlds has sparked a fresh rush to acquire intellectual property. Video-games are a fierce battleground. Just days before Microsoft's record plan read more to take over the "Call of Duty" and "Candy Crush" owner, Take-Two Interactive Software (TTWO.O) unveiled read more a $13 billion acquisition of Zynga . Video-game deal volume nearly tripled last year to $85 billion, according to Drake Star Partners.