Big Law
Sony Has $10 Billion Left in Its Acquisitions Fund
Last week, Sony revealed its intention to purchase Bungie for $3.6 billion dollars. Following the announcement, PlayStation boss Jim Ryan revealed that Sony isn’t finished, and plans to acquire more companies in the near future. According to numbers shared by TweakTown, Sony previously allocated 2 trillion yen (around $17.4 billion) for “strategic investments, acquisitions and buyouts, and share repurchases.” Following Sony’s new third quarter financial results, we now know that 850 billion yen (about $7.4 billion) has been spent. That leaves the company with about $10 billion in funds specifically allocated to use for acquisitions.
