What happend to the "Sony is going to buy Rockstar" rumor?

[RVDondaPC]

Solid_Snake4RD said:

ElGranCabeza said:

Rpruett said:
Sony has a lot more money than Nintendo and it's not even close. Nintendo might have more active cash at a given moment but that really means virtually nothing on an overall sense.

Every asset that Sony has could be liquidated for a ridiculous amount of money and trump anything Nintendo could ever want. Game Studios, Movie studios, Music Studios, Technology, Buildings, Product lines, etc, etc ,etc.

In that sense yes, but I think the other folks were talking about money in the bank, which I always thought Nintendo had more money in the bank than Sony. Is that information divulged in the FY financials? If so, can someone tell me how much Sony and Nintendo have each?

Nobody knows the exact cash and other tangible assets.Companies only give out overall figures of all assets whether it is liquid cash of or other assets.

 

Also many people are arguing on the basis that just because Sony lost so much with PS3 its bankrupt.it made alot more with PS and also other electronics

It doesn't even matter who has more cash. Most transactions are not even done with cash. Even if a company has no cash they could sell bonds or something to generate cash to buy the company then pay it off over time. Or have a loan, or sell more shares of common stock or 1 of a number of things that allow a company to purchase another company without having a large cash reserve.