Level 5 to OFFER themselves up to SONY if WKC SELLS WELL!!!!!

[Dallinor]

FilaBrasileiro said:

Dallinor said:

Didn't Sony spend close to 3 billion this year alone investing in other companies, acquiring stakes, and even buying out a digital music company?

You seem to bring this topic up quite a lot (Sony's finances) so I presume you've done a lot more research then me (which is virtually none) and you're probably more buisness minded.

So why would a company in such trouble still be on a spending spree?

 

 

Besides buying out BMGs shares on Sony BMG (600 million out of pocket, 900 million total), I can't really think of anything else they've acquired this year.

 

 

Apologies, it's about 1.5- 2 billion rather then 3 billion, the article I was reading was incorrect.

As for other big spendings; Sony spent $260 million acquiring Gracenote, a technology company. Source

 

@NJ5- The BMG deal was settled in August. Only a few months ago. Surely they would have seen these economic problems on the horizon?

Either they were oblivious to the coming problems, or they're prepared to weather the storm.