Microsoft to buy Activision Blizzard for 69 billion $

[VideoGameAccountant]

the-pi-guy said:

Mnementh said:

I don't think Sony can buy Square or that Square want to be bought by Sony.

Square currently makes a lot of money from Switch, mobile, PC and even has Gamepass games, however that is counted. And they are present on Stadia. Becoming Sony exclusive would lose them a lot of money.

Technically Sony makes Switch (Sony Music), mobile (Sony Music), PC (SIE) games. Stadia doesn't count for much.

Sony could buy Square pretty easily. Sony is not a tiny company.

I've seen this a few times in this thread, but they probably can't, or at least it would be very risky for them. 

Square's market cap (according to Google) is 689 billion yen. In just cash, Sony has 1.473 trillion yen. However, this is split between all of Sony's departments. If you take out Sony Financial Services, they only have 874 billion yen. This means Sony would either have to go into debt or spend all their cash to buy Square. Moreover, if Sony did this, you'd see Nintendo and probably Microsoft throw their hat into the ring to prevent this from happening. Nintendo has 1.07 trillion yen and has far more liquid assets (securities and CDs) than Sony does, so they could throw more money around than Sony could, if a buy out was possibility. So, no, Sony really can't buy Square.

Source: https://www.sony.com/en/SonyInfo/IR/library/presen/er/pdf/21q2_sony.pdf