For context fellas, the entire Market capitalization of Sony is about 155-160 billion dollars. MS total market cap is 2.5 trillion.
Sony can't afford Take Two or even EA. They just have to accept they are a boutique electronics company like Nintendo. There's nothing wrong with that. Nintendo and Sony make fantastic games. I love my Switch. But, in the near or immediate future, not having an Xbox game pass sub will leave a massive hole in your game options, this is the MS strategy. They want to be Netflix of videogames, something everyone just has.
Again, massive, industry shifting news. I really wish I could see the Sony boardroom right now. They simply cannot respond to corporate warfare on this scale. Sony has dropped a lot of big Bombas in the last 10 years. MS just unleashed a nuke.
$3 trillion now, or very close to it. Same for Apple.
Anyway though, yeah this is absolutely a bit of a flex on Microsoft's part, it's the kind of purchase that a company like Sony could only do by going the Disney route, i.e taking out a ton of loans and paying out roughly half their market cap worth, the way Disney did for Fox. This does put some perspective on the financial/resource capabilities of the platform holders but having said all that...
...Sony and Nintendo will be just fine...as long as they play to their strengths. Nintendo will absolutely do so; Sony is more up in the air, but I think they'll manage just fine. This type of disruption is exactly similar to what Sony did when they brought out the PS1. As a company Sony had way more resources and facilities to them than Nintendo or Sega, so that was just going to naturally afford them certain advantages. Nintendo were smart enough to not try taking Sony head-on (mostly), and stuck to their strengths. Sega, OTOH, were too busy fighting amongst themselves to organize strategically, splitting their focus, and not fully optimizing their strengths (more tightly unifying their arcade and home console efforts, for example) while thinking they could've taken Sony head-on (at the time I think Sega's market cap was $3 billion and Sony's was ~ $50 billion or something like that).
As long as Sony aren't having some terrible infighting occurring, aren't splitting their gaming focus too badly and don't try going out acquiring companies for $70 billion (let alone in pure cash which...they don't have that much in pure cash anyway so...), then they'll be fine. Sony's strengths are their single-player story-driven games paired with their various entertainment media divisions. More specifically, their biggest film property is Spiderman, and their biggest gaming franchise is also Spiderman. They're clearly trying to pivot that into Marvel superhero games as a whole, and they're also looking to bring some of their other story-driven games such as TLOU, Uncharted etc. into trans-media properties with film, tv show entries etc. Microsoft's doing that themselves with stuff like Halo, but it's not necessarily to the same degree.
… for Sony fans ..
