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.

Unfortunately, it remains a mystery exactly how Sony plans on spending that money! It’s fun to speculate about what the future might hold, but the lack of leaks ahead of the Bungie purchase proved that these types of deals tend to remain quiet until an official announcement is made. As such, PlayStation fans are just going to have to wait patiently to see what Sony has planned for the future.

Read the source article at Comic Book

    Leave a Review or Comment

    Your email address will not be published.

    Back to top button