Sogreblute said:
I don't think you understand what "cash in hand" means. It is literally not possible to have negative cash in hand. That cash is used for paying salaries, rent, tax, utilities, electricity, etc. That cash includes what they have in the bank and can immediately access. They will definitely not spend all of it, but cash in hand doesn't mean they can spend all of it however they choose. https://www.indeed.com/career-advice/career-development/cash-on-hand https://www.accountingtools.com/articles/days-cash-on-hand.html |
Sony has enough money to cover almost four years of their operating expenses. Besides, it's not like their continuous operations are running at a loss.
Microsoft, the trillion-dollar company whose financial health depends far less on Xbox than Sony depends on SIE, literally spent half their cash on hand to buy A-B. When someone in the industry makes a power play like this the other companies are forced to answer, even if it takes them out of their comfort zone...
