Page last updated at 02:26 GMT, Wednesday, 19 August 2009 03:26 UK

Sony cuts Playstation price

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Sony has cut the price of its PS3 gaming console to 299 Euros and £249 at gamescom in Cologne, Germany.

It has unveiled a slimmer version of the Playstation, which will replace the existing model.

The price tag is still substantially higher than Microsoft's rival Xbox system.

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