No company is too big to fail but in reality Sony will probably merge with a competitor long before it has a chance to go belly up from it's own operations. If the electronics company is failing and the rest of the company doesn't want to keep it a float they could easily spin off that division, merge it with say Samsung for example and take a 40% stake in that new company of whatever the value would be worth.
The same can be said for the video game division. If Apple and MS start dominating the console and handheld divisions and Nintendo sees a drop in sales and Sony can't find the black they could possibly merge the playstation brand with Nintendo to compete with the two big dogs and take a 30% stake or whatever. Or if They are suffering in other divisions they could simply refocus by selling off the Playstation brand, taking that money and paying off debt and investing it in other high potential areas.
There is a very small chance that Sony's video game division, television division, HDTV, technology royalties, film division, camera division, computer division, cell phone division, etc. all dry up at the same time for a sustainable period of time.
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