Apple looking to BUY Sony

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WajieRaja

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Oct 10, 2009
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Reuters reports that Sony Corp’s stock rose almost 3 percent Tuesday, based on speculation that Apple will acquire the media conglomerate. These rumors have been fueled by the fact that during Apple’s latest financial results call, it was revealed that Apple has a pile of cash waiting for a home; $51 billion to be exact, yes that’s billion with a “B”.
Steve Jobs also lead onlookers to believe Apple was intending to use the cash for strategic opportunities in the near future:

We strongly believe that one or more very strategic opportunities may come along, that we can take, that we’re in a unique position to take advantage of because of our strong cash position.
​
With this comment the rumors started flying about the next shopping spree by Jobs: EA, Netflix, Disney, Facebook, and Adobe were all on the lips of analysts. The Sony rumor seems to have the most legs and makes a bit more sense considering Sony’s market value stands at $34 billion.
The problems with acquiring the totality of Sony are many, not least being the push-back from the Japanese government as a foreign entity attempts to purchase a national icon. What makes more sense if for Apple to acquire the TV, film and music library as that fits best into the Apple model, and frankly, is what Apple would probably want based on the iTunes content sales model. Sony may not be willing to sell it’s assets piecemeal, so this whole idea of a simple merger could get very messy.
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What would become of playstation if this happened?
 
D

deltree

Well-known member
Jun 8, 2008
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actually i dont think sony's revenues are all that great to save it if apple truly wants it but it would be death of a brand we so much love...frankly too much apple in our lives is going to be disastrous i wouldn't want that happening!
 
digitalism

digitalism

G@M3R
Jan 30, 2009
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Well it might sound weird but technically they can. Check this out:
APPLE is making a foray into the gaming market - with the electronics giant tipped to make an 'unprecendented acquisition' for Sony or Electronic Arts (EA).

Gaming website CVG reported that cash-flush Apple, which has US$51 billion (S$65.9 billion) to spend, may make a major acquisition after CEO Steve Jobs hinted at investing in a new 'strategic opportunity'.

'We strongly believe that one or more very strategic opportunities may come along, that we can take, that we're in a unique position to take advantage of because of our strong cash position,' he told investors.

'So I think that we would like to continue to keep our powder dry because we do feel that there are one or more strategic opportunities in the future.'

CVG reported that Kaufman Brothers had tipped EA, Netflix and even Facebook as targets.

However, leading financial magazine Barron's reportedly suggested that Apple faces speculation it 'could acquire Adobe Systems, Sony, or even Walt Disney".

CVG considered Sony a likely target for acquisition, with the Japanese company reporting a loss of 40.8 billion yen (S$653 million) last year, and an estimated market cap value of about US$40 billion - 'comfortably within Apple's price range'.
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SOURCE

But I really hope this doesnt happen. Apple should not buy Sony or EA. But they can have Facebook though :p
 
U

ubuntu83

Seasoned
Nov 23, 2007
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How about Apple buying Adobe or some similar sort of company. Afterall they (Apple) are the holy grail of all the web and multimedia professionals.
 
Last edited:
hasanJ

hasanJ

Expert
Nov 24, 2007
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this better not happen -.-

they will transform Bravia into something flashy and charge 5000$ for it or something :s
and cant even begin to imagine for they will do to the poor PS3 :/
 
radd

radd

Screww you guys, im going home
Jan 20, 2007
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no way jose! 40 billion market cap is not the selling price.

the sony shareholders would demand atleast 30-60% premium on the market cap which means it is out of apple's range (shares based offer wont work either since sony is loss making and any shares based bid will lead to dilution and negative movement on the apple stock and hence devaluing the bid itself). lets not forget that some of that 51 billion also has to be spent on working capital and r&d!
 
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  • Necrokiller Necrokiller:
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