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Frequent mergers and acquisitions are actually a sign of an industry in trouble. A healthy company can grow on its own merits, but a less healthy company can look like it is growing by merging with or acquiring another company. This is not a knock against Sony per se, as this sort of thing is happening all over the game industry. It is just to say the game industry has some important underlying issues which it needs to address or else it will be in big trouble in a generation or two.